Does gift income need to be reported?

knudsodp · ‎June 4, 2019

My wife received $4K from her dad last year as a gift. Does this money need to be shown on our taxes and if so what form would we use?

xmasbaby0 · ‎June 4, 2019

NO, a gift you received is not taxable and you do not have to enter it on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎June 4, 2019

NO, a gift you received is not taxable and you do not have to enter it on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Expert does your taxes

Do it yourself

Resources

Support

Does gift income need to be reported?