Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

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Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

No you don't report gifts given or received on your tax return.

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Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

No you don't report gifts given or received on your tax return.

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Your bro should be filing a gift tax return since the amount is over the annual exclusion if the gift was in 2023. for 2024 no meed to file sine the exclusion was increased to $18,000

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Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

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Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

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Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

Does a gift of $17,500.00 from my brother qualify as income and if so, how do I report it?

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