- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I received a gift from a family trust. It indicated that it was non taxable. Is that correct?
Topics:
June 5, 2019
11:04 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
"I received a gift from a family trust."
Gifts are generally not taxable to the recipient. However, since the gift originated from a trust, you might want to contact the trustee (administrator) of the trust to ensure you will not be getting a tax reporting statement (e.g., Schedule K-1).
June 5, 2019
11:04 PM