- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Money (or property) you receive as a gift is not taxable to you.
The giver of the gift (donor) may have to file a Form 709 if the amount of the gift exceeds the annual exclusion, but that is not your responsibility.
See https://www.irs.gov/instructions/i709#idm140535812766672
‎December 17, 2020
5:43 AM
2,477 Views