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After you file
The amounts given would be gifts. Gifts given to an individual are not reported on or deductible on a tax return. If the gifts given to a single individual in the year are over $14,000 then a gift tax return, Form 709, has to be filed.
Gifts received from an individual are not reported on a tax return, regardless of the amount received.
May 31, 2019
9:44 PM