For a $9000. gift there is no IRS reporting, so there are no tax consequences.

​@@geraldinemcgarvey6249but the interest she's asking for is taxed for sure .

​@@geraldinemcgarvey6249Didnt he mean she could write it off on her taxes as a gift when its really a loan?

@@georgeide2337 I'm not inside his head, so I don't know what he 'means'. I responded to what he wrote.

@@georgeide2337 "​ @geraldinemcgarvey6249 Didnt he mean she could write it off on her taxes as a gift when its really a loan?" What he means, is that he doesn't understand gifts and the IRS.

🤣🤣🤣 I wondered the same thing🤭

30% Jesus Grandma needs that side money from her shark behaviour “It’s a gift “ one year later.... “That will be 30% please”. You: 👀 🤨

😝

Shakedown 💰

over 33% on top. Even banks don't do people dirty like that. That Grandma tripping

33.33%

😂i was about to say that 😂

30%. Granny compounds interest monthly.

Lol, exactly what I was thinking!

What a thief GM. She gave you $9k to be under the Bank/IRS reporting form as a transaction. She's a Loan shark. Tell her you'll report this gift & her demand $12k Letter to the Courts & IRS. Goodbye GM👍😉

You had the best kind of nanna

@@FabulousCucumber-ip9hu She also fed the neighborhood street kids. Kids with absent parents would always be at her house and she would always be feeding everyone and giving them a place to spend their day.

@@_GandalfTheGrey_that’s wholesome :) she sounds like a sweetheart.

@@user-sf9gs2pg1b She was. And she had the mouth of a sailor too! She used to say “Get over here, you little shit, so i can kiss you!”

​@@_GandalfTheGrey_ That demonstration of love is priceless!

Exactly this💯

To your point, paying her won’t resolve the situation. This relationship is damaged already.

Ok experts

Right💯

​@@DagnirRenthey're absolutely right if we have all the important details.

Thank you for the Star Trek reference hear. Made me laugh... Shields up.... Evasive maneuvers!!

Geordi, can you increase shield strength?! -I can tie the warp engine directly to the shields! DO IT NOW!!!

The $9k was looking to good to refuse. Even in knowing her "pattern".

@@Bobby.Kristensen MAKE IT SO!

​@@MsLacy707 I'd be happy to take it and tell her to pound sand. She should have drawn up terms from the start if she wanted it back.

money and family doesn't mix they always feel entitled 💯

Do not blame you one bit. If My kids ever ask for some money I will give it if I have it to spare but would never ask for it back. But I also for-warned them that I will not pay their bills. I will always have a roof and food for you but your bills and debt is on you. Figure it out, I did

@Donna McCall money doesn't split families up. It just breaks the camel's back

Haha funny my dad did the same thing to me with money but I was like 13 or 15 and got mad when I spent it. Love that I spent he couldn't get to me like he did to my brothers.

Terrible.

She acting like she's a bank giving out loans

yeah and ~30% interest in year.. wow. Banks give you ~2-3% these days?

webfreakz it’s actually like 1-2%

@@guillermogutierrez-santana4446 here in The Netherlands I get 0.05% interest rate lol

@@webfreakz What are Dutch Stock returns like?

No, it was a setup.

Granny’s a crook

Lol

LOL!! 😂

Prince Talleyrand LOL!! You did the math! 😂

I'm glad I'm not the only one wondering the same thing. Worst advice from the psychiatrist and worst financial advice from the financial advisor!? The woman is a known narcissist for God's sake. She used this money purely to hurt them later. Don't give her a penny!

Grandma needs her face rearranged.

Yep

Exactly the fact they are talking about paying her back is ridiculous

​@@Iamgorgeousbri. Exactly. Especially the fact that she's a known narcissist which just proves she only gave them the money to hurt and control them later. Why would a psychiatrist advise him to cater to a manipulator?? It's absolutely ridiculous!? Sometimes I am astounded at the bad advice Dr. John can give. If they refuse to pay her back, she will only cut them out of her lives but with a narcissist, it's always good riddance. And she says they are in her will but you can't trust a narcissist. She's only saying this to control them further. I guarantee no one close to her is in her will bc Narcissists love to hurt those closest to them by giving them nothing while they give their dog or a distant neighbor all their money and leave those who were most important absolutely nothing just to twist the knife even after death.

BINGO.

But what was his relationship with her like when he was a child, teen, before getting married?

exactly! "And if you have more questions , please do not hesitate to contact my lawyer, he is happy to explain".

Wiser words have never been spoken! They ruin families.

❤😂❤❤❤❤

Dam you just described my mother

Yes I had a friend who told me she'd left me some shares in her will, but when I realised she was too toxic for my health, I terminated the friendship. I felt awkward about the will, but I just thought that's her choice & problem, not mine. My health comes first.

Lol!!!! 😂😂😂😂😂😂

Unless she “accidentally” falls off the stairs 👁👁

yeah, that's what crossed my mind too

exactly! the b can easily live another 20+ years.

Same thoughts when I heard the age, lol, we're bad 🤣

No everyone is sick like the grandma in this video. Your grandma was obviously a generous, loving soul.

Losers yes you are

Your grandmother was an amazing woman like my grandmothers. God rest all there souls!

What a beautiful grandmother u had. So caring and making sure her grandchild was taken care of

@chrisc1896 My mom has money saved for our kids and the other grandkids, too.

✨narcissists✨

I would gave her "her" $9000 and as her taxes a over hand left

“I didn’t think the tiger would attack me.”

Good move. A "gift" is not a gift if it comes wth strings, such as, telling you how to live your life, etc.

Exactly! 👌🏾

Yup, it'd be "Oh you're going on ANOTHER vacation? I guess you didn't really need our help making the down payment after all!"

Great move! They'd also claim the house is partly theirs because if it wasn't for them giving you the down payment, you wouldn't have the house. Not worth the headaches

TheCobruhAlienat0r YUP!!! Or “hey i need a favor from you, remember when I gave you 10k as a down payment?”

Carter, I didnt know you watch Dave Ramsey 👀

Prxhcision I roam these KZfaq streets

You're confusing IRS limits. In 2020, you can gift up to 15K to family members without involving the IRS.

I didn't know you watched these. I thought you just made mad memes for Agent 00 😂😂😂

That seems like a legitimate reason to me. I wouldn't want to report it either.

Same

Kelly blink three times if your grandma is holding you hostage and need help.

Yep. Some people think that what is happening to others will never happen to them. He even said he thought he and his wife would be the exception.

Real talk, when I heard that I said to myself “why did you think you were so special?”

Exactly. He saw 9K and couldn't say no.

@@dr.dermixgirlmd7479 because when we are young, we are stupid....look in the mirror and honestly say, what would have 23 year old me have done.

@@dr.dermixgirlmd7479 turned out I wasn't so special after all. You're right 😂

Right!

It’s family tho

EnderGamingTV , family acting like a loan shark. No thank you. She gets nothing.

Just pay her and be done with it. Keep her at a far distance. Or else she might show up at your house or do other things that is not worth worrying about. It is only money. The lesson is bigger than $9k

@@endergamingtv6135 No she is NOT. Family does not treat you that way. Blood relation has little to do with family. Family is about relationship.

Excalty.

Hard money is 15-25%, this is SUPER-HARD MONEY!!!

Yeah. 12k. I'd get her on the phone or in person just so I could have the opportunity to laugh at her.

At a Pawnshop it is 400% per year. They always write it as a ‘per month’ figure so it looks much less.

Loan sharks charge 50% and up. A friend got a loan at 150% interest

There should be a cap on interest. My country has regulation and the legal maximum interest rate is 20% including all costs. It's a big percentage, but it stops the most outrageous offers.

The money has already been taxed. the gift papers keep the kids from having to claim it as income and pay taxes again. Grandma should pay taxes on any interest she charges because that in income. Give her the 12,000 and then report her to the IRS. lol.

@@thomasm5922 hahahah I think that would be worth the money!!!

@@thomasm5922 hilarious

Pay her back and report her to the IRS for tax fraud.

There are no reporting requirements for a gift of less than $15k. Grandma doesn’t get any type of deduction and no one has to pay taxes on it. Yea, the interest on the “loan” would be taxable.

Terrible situation. I feel for you.

🙏

My daughter is 30. She called me and asked for $3000. She said she would pay me back. I said no. You can have it. You don’t owe me nothing. No strings attached. That was 3yrs ago.

It 8s so nice to be able to help family out without strings.

@@sweetpea4967 very true

Everybody loves Raymond 🤣

Good for the both of you!!! People are so fast to accept money that wasn’t extremely needed in the first place

Our parents are great, but I wouldn't live next to them for a million dollars.

Yup, that's TOO close to them. The absence of a mortgage payment will not be worth it. You need your privacy, and I would think they'd want theirs too.

@@CarlaQuattlebaum reread that comment...." And said they would HELP with the down payment" what part of that translates to you "no mortgage?"

The more you give, the better you feel, the more you'll receive. It's the law of the universe. You're a beautiful soul. You can thank your grandfather for that.

"The only thing I have from him memorable was how not to treat anyone" That lesson is more valuable than anything he EVER could have given you. You are lucky you received it and put it to good use.

Awww 😔

Wow. People like that have got to be mentally ill. Wtf.

How could he take back toys from you? That's crazy.

Nah just give her $9k back and move on. Never talk to her again.

I think he has two options: pay back the $9k or leave it. In no way do you pay interest, there is no agreement to pay interest and her demanding it is just insane. Also, her will is likely a falsehood and relying on it will only leave him at her mercy for the rest of her days. Refusing to pay her will result in her being angry, but may be the safest option actually. She would realize she has no power over him and this would likely anger her. Paying her actually seems riskier. If you pay her, legally it looks like a loan and if she wants to escalate this to court, it would work against him. Also, she can freely change the terms, as there were no agreed upon terms. I would probably not pay, tell her it was a gift and there is no paperwork for a loan or interest. And if she explodes, just stay away.

@@bwill1560 Exactly why I said cut all ties and don't pay her back. She already filed paperwork stating that it was a gift and that the money was tax exempt. It sounds to me like she found her loop hole so she didn't have to pay taxes on the money she "gifted" to them. If that's the case then she's trying to manipulate her grandson and his wife by not only asking for the gift back, but charging interest AND she already avoided paying the taxes on the money. Granny knew what she was doing.I know it may be a hard pill to swallow, but sometimes cutting a friend or family member off is the best option for everyone involved. I'd be writing her a letter back with the copy of the tax exempt form that she filled out stating it was a gift and tell her she's not getting it back. Sorry...not sorry. Send it certified mail and leave it at that. It doesn't sound like they're close anyway. If they were there's no way his grandmother would treat him like that.

Exactly, true narcissists, which Grandma def sounds like, are the worst. My spouses parent is one. We cut all contact. Shortly after they sent us a long letter and a check for $1000. Boy did I need that money then... BAD. My spouse was torn on what to do. I walked into the other room, came back with a matchbook and lit the check on fire. A narcissist ALWAYS has strings attached to EVERYTHING. Not worth it. I'd rather go hungry.

Great advice.

Same.

That is beautiful. I have found that people who tend to stay in the cycle of poverty do not have the expectation of wealth. I always assumed that through my perserverance and hard work I would become financially well off. You will achieve it don't give in or give up!

Gaslight granny

oops voice to text typos. I'm sure you know what I mean though

You are going too extreme. They should not pay it back because it wasn't a gift. The mortgage company wouldn't find out, most likely.

Sounds like grandma could be in trouble for fraud. The fact that she lied by saying this is a gift and now wants her grandson to pay it back plus a 25% interest shows that she is noting but a scam artist.

2020 She basically gave them a You Owe I note for $3k a year from then.

Great point

Thank you so much igonna put it to my tsfa savings acount

What then happened to your dad if did took everything?

Sounds like paying him back would be appreciated, especially if he now has nothing.

​@marialeahey5380 lol right? "I'm so glad I got a little bit out of him before my sister bled him dry!"

The guy who called in left a comment in the comments section on this video letting everyone know the aftermath and how his dear granny reacted.

They owe her money too. They've been dodging her calls

😂

😂😂😂😂

How do you know she lied? What if he is the one who is lying? He said he offered to “pay her back the money.” So this “gift” was most likely a loan!

@@FisherCollegeMa , So we should assume every caller is lying? Tyler called in, not Grandma.

Don't know how to feel about it all. 9k is a decent sum of money for me and it'd make me feel wary. And like the other person replying here said...for a second it almost sounded like a loan that "turned" into a gift. I say that from my experience where I eventually told a family member to leave it as is since it was more of a hassle/burden for me to try to collect. As for this situation, I think I'd return the money and end the relationship with the grandma. $9000 though and nothing more...adding the interest is just stupid.

Reina Bella what are you talking about?

@@FisherCollegeMa when my Grandma gave me $8000 to help me move to the Southeast and get a new start, I offered to pay it back. She said no. When I finally had the money and went to pay her back, she wouldn't take it. Plus the caller said she's pulled this with other family members. they were young, excited and stupid like we've all been at some point in life. And I've dealt with people like her in my own family. Plus liars usually don't have details so lined up like this caller. No, the grandmother is a scam artist.

😂😂😂

@Big Bubba how about giving her away for free?🤣😂

😂

No one wants to pay the interest on that grandma

Lol

Shakespeare ‘Neither a borrower or a lender be’

Pay her back .. lesson learned

@@bmbott123 Lesson Learned? What's the lesson, never take gifts from family?

Dr. BoJangles I would want it in writing if buying a house or if the person is untrustworthy. This is so sad though.

If they really want to set up a payment plan: they should just say they can’t afford it and offer $10-$50 a month until they “pay it back”. She’s in her late 60s. She’s not gonna live forever right?

No payment plan. Squirrel up $9000 and gift it back. Wash your hands and walk away. As in forever.

She’d lose and waste everyone’s time and money, they have paperwork proving it’s a gift and not a loan.

Judge Judy...........

That's exactly what I thought. She has to prove it is a loan, not the other way around. a loan just under 10k is very clearly a gift (that is just under the reporting level) unless she can prove he asked for that exact amount and signed a promissory note. I would never take a large gift of money without a signed letter.

@@alicelaybourne1620 Also do not say you will pay anything back by text either as it is admissible evidence. Say always thank you as a gift.

My thoughts exactly! $3K over a year??? What kinda craziness is that?

He’s always been big on keeping the family together.

He accepts that some people want and have to keep the family together. And will do anything to keep that part alive. Which to keep ties to the family you have to meet her demands. Which is why he says that he isn't sure she will ever be happy and that it may never end. So he offered the 2 solutions. And the kid was already leaning to not paying and being morally right. He just needed some help from someone on the outside to talk through it and get it done.

If your brother sues you give him your cloak too. Something like that. Mathew 5:40.

Maybe because he's an idiot?

Lololol

No she's not!!! More like a Walmart buggy and a sleeping bag

😄

😂😂

Look up 60 minutes, watch video of nurse beating old people while stealing their watches and jewelry, sends grandma there.

Wow

Disgraceful.

Unless the deal was to give him back 4k. You should of given back 2k and cut ties but you're cowardly.

I’d tell my dad to pound sand

B.S. I would not eel obligated to pay her back, & tell her I don't care about the will, I would try & pay her back some of it, with a respectful letter, and go on with your lives!!!!

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@SammyIglesias4665 However, if you do not have access to a professional like CLEMENTINA ABATE RUSSO, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

@@caseycantrell-gh6fg Oh please I’d love that. Thanks!

@@SammyIglesias4665 Clementina Abate Russo is her name .

Lookup with her name on the webpage.

Pay her back and keep her at a far distance. Not worth worrying about someone trying to get revenge on your family and try to ruin your reputation. It is only money. The lesson is bigger than money.

@@Originalman144 Never give in to the demands of someone like this. It only gives them more fuel to try it again on the next victim.

But how about the will.....?

Jeremy Peterson This is not a “someone” it is their grandma. Paying her back is not “giving in” it is called problem solving. This is a major lesson for the dude and his family. Bigger than money.

@@Originalman144 You are obviously lucky to have never dealt with a sociopath family member like this. They are not worth keeping in your life. They spread pain and suffering wherever they go and they never learn to stop. They are constantly looking for ways to exploit you and emotionally manipulate you. They'll gaslight you until you are convinced you're going crazy. They'll steal from you and try to convince your other family members to turn against you, if you don't bend to their demands.

😂🤣

🤣🤣🤣🤣🤣

OMG that's hilarious!

🤣

Haha

It depends upon the family. A gift that's given from a loving standpoint is different than a manipulative trojan horse disguised as a financial gift. You have to know your family.

I think the grandmother let them BORROW $9,000 and she wants to be paid back. My sister did the same thing. I loaned her $4,000 and she did not want to pay me back. Family members like to play these stupid games! This is why I don’t lend money to family.

You don't accept gifts from your family? You guys have a weird family dynamic lol.

@apierre6 I wouldn’t accept this much money from a family member unless it was an inheritance from a Will.

Disagree - With normal sane people, including family, a designated gift is a gift - no hidden meanings. Has worked in my family.

No reason to respond at all. The minute someone says "if you don't do this I'll cut you out of the will" your response should be: "deal". Then never entertain the subject again.

😂😂😂😂 this is funny

Funny you said that, my family members that don't do that great and are financially illiterate want to be in both of my parents wills (they divorced when I was young and they both do well) and I could care less about their wills for myself. However, I will do whatever they ask of me. My dad has asked to split it with my brother and my mom has asked for a few different things to happen (properties and investments a little different situation) and I will 100% make sure whatever they want is done. I do not care to get given anyone else's money. I'm very happy they both taught me how to make it on my own as well as live well under my means and have good character - that's more than any willed out money or assets are worth, in my humble opinion.

It's stunning hearing parents and grandparents scamming their offspring.

Baby-boomer generation is a whole new breed

If she's 64, shes not elderly yet. I also think that's not a boomer but Gen X. I'm not sure what the cutoff is there.

​@@jenniferpearce1052That is a Boomer. Gen x doesn't start until 1964. I don't know any Gen X that are that selfish. Most of us want more for our children than our selfish Boomer Parents did for us.

Your sister gave you $9000?! She sounds like a very successful 12 year old.

Word of advice. Cut ties with your sister before it's too late. I hesitated to cut ties with my narcissistic mother and I almost died because of it. Keep a wide berth from narcissistic individuals.

@@nataliesteiner Manh it was $1200 from birthdays and Christmas gift.But in 3days I was labelled the thief😥

@@morgandawn6413 I did and the kid now gathered those who can listen and because she is young,they listened.I just gave her her money and moved out the house

😂

Giving a gift doesn’t afford one a tax break. Unless there is some state tax laws that I don’t know about.

Alexis Jankowski gifting money reduces the size of taxable estate.

Good advice

Grandma is a loan shark

Thank you for the advice. I did exactly what Dave told me to do. She didn't handle it well at all... Like we thought, she threatened the will, got very upset, and hung up. My wife and I were very respectful to her, but she gave us no grace at all. It's sad that she isn't who I once thought she was. I'm happy we are moving on, and we no longer have to deal with her toxic traits.

I wouldn't pay her jack lol

And then rat her out to the IRS for taking the tax credit for the gift - which wasn't a gift.

@BlackMan614 - I almost posted a comment like that! 😄

@@BlackMan614 What tax credit for gifts are you referring to?

@@joeb1522 There is a tax credit for donations

Does she even have anything to leave in a will?

@@onlyu7308 doubt it

Omg😂😂😂😂

@ bbo40 Wow! What was the outcome in that case?

My friend and his wife borrowed from their 401Ks; gave the money to the dad with his lawyer present and told the dad to never come around again ; to see neither them or his grandchildren . Lasted that way till the day the dad passed away, 20 years later.

That’s why you are a scumbag and shouldn’t have taken the money to begin with

Jetfan 95 sounds like you got this all twisted. Did you not hear “gift”

@@jetfan9586 Well, it was under the premise of being a gift. She switched up on them and tried to change the terms after the fact. I'm sure they wouldn't have taken the money if she proposed it as a loan or at the very least they would have accounted for paying her back in the future. I'm not understanding what about them is a scumbag. The only scumbag here is grandma.

Then why did you take the money 🤔

Can you actually get diagnosed as that? LOL

@@Gaphalor yes

Habitual lying is part of narcissism

@@SH-vj2ce Probably wanted to give her a taste of her own medicine - or he was blinded by greed so he took a deal he knew he would lose.

😂😂😂😂😂

Bye Felicia 😂😂😂😂😂😂😂😂

😂😂

The “gift” was most likely a loan! Why else would he offer to “pay her back.” I think he is the one who is the narcissist and liar 🤥🤦🏻‍♀️

You don't take gifts from your family? That's weird! You guys didn't take wedding gifts or birthday gifts?

@@apierre6 , I am the same, don't take gifts.

Same

Me too. I won’t even take a gift.