<p>Thanks for the reply…just to be clear, it would be $130k total over a 5 year period in any amounts.</p>
<p>For example: we gave $50k this year…could we give $50k next year, then $30k the year after? Then, the next 2 years we could not contribute without incurring federal gift tax?..Then it would start over again after the 5 years?</p>