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Get your taxes done using TurboTax
Gifts are not reportable at all for the receiver of the gift. The giver might be required to file a gift tax return of over $14,000 to any one individual. The father could give $14,000 to you, $14,000 to your spouse without triggering the gift tax return, but that is their concern, not yours. You have nothing to report.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 31, 2019
7:05 PM