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Old 04-03-2006, 08:26 PM   #4 (permalink)
NoSoup
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Location: Green Bay, WI
To my knowledge, you shouldn't have an issue.

Cash gifts can be taxable, but I believe that is only the case if you recieve a large sum from a single person, not many smallers sums from a number of people. I'd call a local accountant to be sure, but I'm 99% sure that's how it works.

I'd comment on the $10,000.00 thing, but as a former bank employee I'm not certain of the legalities surrounding it...

Good luck, and congrats!
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