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I'm going through the exact same thing, (mom is selling her house and wants to give us a quarter of the sell price) and the limit is $12,000 per person (the person giving the money) to any one person. As long as any single gift is not over $12,000, then you're good. Even if any one person wanted to give you $20,000 that could still happen, they could give you $10,000 and also give her $10,000.
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If you have any poo... fling it NOW!
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