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Get your taxes done using TurboTax
Would this be true even if the gifts were not divided out as in the above question? I gave my parents an $18k gift in a single payment, without specifying one or the other individual parent as the recipient. Should I complete a gift tax form (because the gift exceeds $15k) or is it not necessary (because the gift was to two recipients, and was below $15k + $15k)? Appreciate the help.
March 7, 2020
5:25 PM