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A comment on John Carmack: I loaned money to anyone that asked me. Parent comment

Re:John Carmack: I loaned money to anyone that asked me by greyface- on Monday January 09, 2023 @09:34PM (#34319696)
This is incorrect. Taxpayers are allowed to apply their lifetime gift exclusion before death. Line 7 on Part 2 of Form 709.

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://www.irs.gov/pub/irs-pdf/i709.pdf#page=20

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Re:John Carmack: I loaned money to anyone that asked me by theonething on Tuesday January 10, 2023 @03:26AM (#34321997)
I stand corrected. Thank you.
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