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Get your taxes done using TurboTax
Yes. But the receiver doesn't fill out or pay the Gift Tax. Only if you GIVE MORE than 15,000 you need to fill out a gift tax return. But there won't be any tax due. It just will count against your lifetime amount of 1.3 million. Not sure of the exact amount.
‎January 19, 2020
3:12 PM
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