If I gift money, $14,000>, to my fiance to put the down payment on our home, but I will be on the title of the home (just not the mortgage), will it be taxed as a gift?

leannebuchanan — Thu, 06 Jun 2019 09:20:43 GMT

Gifts are not deductible for the donor. They are not taxa...

MinhT — Thu, 06 Jun 2019 09:20:44 GMT

Gifts are not deductible for the donor. They are not taxable for the recipient.

If your gift to your fiance exceeds $14,000 in 2017, you'll need to file a gift tax return (form 709). There is no tax to pay if the total of your gifts do not exceed your lifetime exclusion of $5.5 million.

Form 709 is not supported by Turbotax. You can download a copy of the form here:

https://www.irs.gov/pub/irs-pdf/f709.pdf

topic If I gift money, $14,000&gt;, to my fiance to put the down payment on our home, but I will be on the title of the home (just not the mortgage), will it be taxed as a gift? in Deductions & credits

If I gift money, $14,000>, to my fiance to put the down payment on our home, but I will be on the title of the home (just not the mortgage), will it be taxed as a gift?

Gifts are not deductible for the donor. They are not taxa...

topic If I gift money, $14,000>, to my fiance to put the down payment on our home, but I will be on the title of the home (just not the mortgage), will it be taxed as a gift? in Deductions & credits