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Get your taxes done using TurboTax
@rebateme You do not have to report a gift that you received. If you eventually receive interest as a result of saving the gift, the interest is taxable income. But only the interest--not the amount of the gift itself.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎February 4, 2023
9:34 AM