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Get your taxes done using TurboTax
The reporting requirement applies to each gift recipient individually. Thus you could give 14K to each of two people without a requirement to report. You can give gifts to any individual, not just relatives. And no, they are not required to furnish you with any documents.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 17, 2019
3:00 PM