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Get your taxes done using TurboTax
@Curious_panda1 wrote:My question is, does IRA look at net gift amount or per transaction when considering gift tax?
It is per donee from the same donor. In other words, as a donor you can give any number of persons up to the annual exclusion amount ($18,000 for 2024) without being required to file a gift tax return (709).
March 5, 2024
9:53 AM