[quote=spdrun]I’m saying, I’m not sure how the government would treat a gift that’s not given out of the goodness of one’s heart, but in exchange for a service. My feeling would be not as a gift, but as taxable income. So make sure that you can afford to have the deduction disallowed in the future, with interest.[/quote]
well like i said. I changed my mind……and it’s not like I can read people’s mind as to why they would gift me or anyone else something….
I can’t help it if I get a cash gift…
I can’t help it if relative sets up a 529k plan and changes the beneficiary later to me or anyone related to me. ..even if it happens years later…
Gee there are so many different possibilities I can’t possibly predict what could happen…..there are so many what ifs that could happen I clearly wouldn’t know how they could possible be related to any of my own independent actions if I decide to change my mind again …or again or again…
