A gift check deposited on 12/31/22 and cleared the bank on 1/3/23. What is the year for the gift?

posted

Connect with an expert

3 Replies

A gift check deposited on 12/31/22 and cleared the bank on 1/3/23. What is the year for the gift?

Does not matter. A gift received is not reported on a tax return.

A gift check deposited on 12/31/22 and cleared the bank on 1/3/23. What is the year for the gift?

Does the donor report the gift for year 2022 or 2023 if the donor requires to file form 709? Thanks,

Does the donor report the gift for year 2022 or 2023 if the donor requires to file form 709? Thanks,

A gift check deposited on 12/31/22 and cleared the bank on 1/3/23. What is the year for the gift?

The tax year for the gift given is 2022.

Still have questions?