Solved: Gifts are not taxable to the recipient, and are not deduc...

Gift Tax we were given a financial gift. Do we pay taxes on it?

We were given a financial gift it was several thousand dollars do we need to pay tax on it and if so where do we list it?

posted

Gifts are not taxable to the recipient, and are not deductible to the person that gifted it.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Gifts are not taxable to the recipient, and are not deductible to the person that gifted it.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Gift Tax we were given a financial gift. Do we pay taxes on it?