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Gifts given to an individual are not reported on nor deductible on a tax return.
Gifts received from an individual are not reported on a tax return, regardless of the amount received.
If the gift given to an individual is greater than $15,000 (2018) then that gift given is to reported to the IRS on Form 709.
Gifts given to an individual are not reported on nor deductible on a tax return.
Gifts received from an individual are not reported on a tax return, regardless of the amount received.
If the gift given to an individual is greater than $15,000 (2018) then that gift given is to reported to the IRS on Form 709.
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