Thank you for your correspondance.
I found this on the IRS website by clicking on a link that was included on a Turbo Tax conversation from someone else, the heading is:
(I put it in Bold letters)
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether or not the donor intends the transfer to be a gift.
Does this mean that if my gift was of greater value than my co-workers gift or items whatever they be, then being If I did not make a profit then it wouldn't be taxable anyway?
I got to thinking also, about a supervisor of mine in the past helped me get to and fro for work, because my car was not drivable for some days. I went to the gas pump and paid for gas for her vehicle, but it may or may not was the same value as the gas she used to transport me. Would that make a difference if it was less or more what I paid in gas for her vehicle versus the value of the gas she used to transport me at least some of the time?
