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GiftTax
I opened a joint bank account with my daughter and transferred $40,000 from one of my accounts into it. When I realized it would be considered a gift and above the maximum allowed, I transferred $25,000 out to a personal account of mine, leaving only $15,000 in account. All done the same year. Do I have to declare on my return?
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‎January 13, 2022
9:39 AM