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Assuming this is a legitimate gift, it is not taxable to you; but can be recorded as nontaxable income in the Sales Tax deduction section.
Your friend must file a Gift Tax Return. Is he/she overseas?
Assuming this is a legitimate gift, it is not taxable to you; but can be recorded as nontaxable income in the Sales Tax deduction section.
Your friend must file a Gift Tax Return. Is he/she overseas?
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