Is a personal property transfer transfer considered a deduction

[jwgamble]

I have transferred a gun collection to my  three grandchildren, does this qualify as a deduction?

[VolvoGirl]

No.

[DoninGA]

That would be a gift given to an individual and gifts are not reported on a tax return.  Gifts received are not reported on a tax return, regardless of the amount received.

If the gift given to an individual is more than $15,000 then you would be required to report the gift given on IRS Form 709.