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mahatmakanejeeves

(57,290 posts) Mon Sep 16, 2019, 11:16 AM Sep 2019

If someone paid off Kavanaugh's debts, he was required to report that as income or a gift in....

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If someone paid off Kavanaugh's debts, he was required to report that as income or a gift in his financial disclosure. If someone owed him money and merely repaid him, he was required to report their debt as an asset (a receivable) in his earlier financial disclosure.

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If someone paid off Kavanaugh's debts, he was required to report that as income or a gift in.... (Original Post) mahatmakanejeeves Sep 2019 OP

Remember Kushner lied about his FBI clearance questions? Oops, missed that answer. BSdetect Sep 2019 #1

I agree it would be good to get to the bottom of this. However, pnwmom Sep 2019 #2

That same someone probably brokered the deal for Kennedy to retire also. brush Sep 2019 #3

Depends on size of payment at140 Sep 2019 #4

He would not have been required to in the scenario that they described FBaggins Sep 2019 #5

BSdetect

(8,994 posts)

1. Remember Kushner lied about his FBI clearance questions? Oops, missed that answer.

Reply to mahatmakanejeeves (Original post)

Mon Sep 16, 2019, 11:18 AM

Sep 2019

Lie after lie and he was never charged.

pnwmom

(108,955 posts)

2. I agree it would be good to get to the bottom of this. However,

Reply to mahatmakanejeeves (Original post)

Mon Sep 16, 2019, 11:20 AM

Sep 2019

his father is very wealthy, so it wouldn't be unusual for the father simply to have made a gift of the money and filed the requisite forms.

brush

(53,741 posts)

3. That same someone probably brokered the deal for Kennedy to retire also.

Reply to mahatmakanejeeves (Original post)

Mon Sep 16, 2019, 11:23 AM

Sep 2019

I wonder what a SCOTUS seat goes for nowadays?

at140

(6,110 posts)

4. Depends on size of payment

Reply to mahatmakanejeeves (Original post)

Mon Sep 16, 2019, 11:29 AM

Sep 2019

One is allowed to gift anyone else something like $14k/year and it is not taxable income to recipient.
I used to gift my kids every year when I had a job. It was tax free transfer for them and was not required to be reported as income.

FBaggins

(26,721 posts)

5. He would not have been required to in the scenario that they described

Reply to mahatmakanejeeves (Original post)

Mon Sep 16, 2019, 12:11 PM

Sep 2019

Has anyone provided any evidence that the season tickets story was false?

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