- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Gifts that you receive are not taxable and you do not enter anything about a gift on a tax return. If the employer treats it as wages, they will include it in box 1 of your W-2 and you will simply enter the amount from box 1. There is nothing special for you to do with this on your tax return.
**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.**
May 6, 2024
6:49 AM