Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

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Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Gifts given or received are not reported on your tax return. If one person gives someone over $14,000 the giver might have to file a separate gift tax return but there won't be any tax due. Nothing for you to worry about or do.

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Thank you very much!

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

You can, however, record them as nontaxable income for purposes of calculating the Sales Tax deduction in the Deductions and Credits section of the program.

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Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

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Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 &amp; the other from an uncle was $14,000. R they taxable?

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Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 &amp; the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 &amp; the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 &amp; the other from an uncle was $14,000. R they taxable?

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Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?

Are 2 separate gifts from 2 different relatives during the year 2016 totaling $24,000. 1 gift was $10,000 & the other from an uncle was $14,000. R they taxable?