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sportsnet2018
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My wife received a gift of $17,000 in 2017. Is this money taxable. If so what form do I use to declare this money as income

 
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xmasbaby0
Level 15

My wife received a gift of $17,000 in 2017. Is this money taxable. If so what form do I use to declare this money as income

Gifts you received are not taxable and do not have to be entered  on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0
Level 15

My wife received a gift of $17,000 in 2017. Is this money taxable. If so what form do I use to declare this money as income

Gifts you received are not taxable and do not have to be entered  on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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