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Get your taxes done using TurboTax
Gifts to people do not go on your tax return. They are not deductible.
You don't report gifts given or received on your personal tax return. If someone gives more than $15,000 to any one person, the giver might have to file a gift tax return form 709 to deduct the gift off their lifetime 5.43 million dollar exclusion but there won't be any taxes due.
‎April 23, 2021
11:34 AM