Gift Tax we were given a financial gift. Do we pay taxes on it?

sk8ladyb · ‎June 3, 2019

We were given a financial gift it was several thousand dollars do we need to pay tax on it and if so where do we list it?

Lisa995 · ‎June 3, 2019

Gifts are not taxable to the recipient, and are not deductible to the person that gifted it.

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