487513
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dfv331
New Member
kms369
Level 2
AndrewA87
Level 4
mjtax20
Returning Member
jamie2082
New Member