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A friend gave me $300,000.00 as a gift. Would this be taxable for me? If so, how do I claim? Do I claim as regular income like wages?
May 31, 2019
6:24 PM
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Get your taxes done using TurboTax
Assuming this is a legitimate gift, it is not taxable to you; but can be recorded as nontaxable income in the Sales Tax deduction section.
Your friend must file a Gift Tax Return. Is he/she overseas?
May 31, 2019
6:24 PM