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Re: Question: if my mother-in-law gifts us 15k in 2020, than gifts us let's say 10K in 2021. Since the gifts were in different calendar years, she should not be taxed in it. Correct?
M-MTax
Level 12
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Deductions & credits
Right.....annual exclusion is $15k per person.
‎December 29, 2020
9:33 AM
