I gave gifts to my co-workers at times and supervisors.

[fellynbal]

Would I need to report any of the FMV of the gifts on any of my tax returns or does that depend why I gave the gifts?  I did charge them any money for them.

And at least one lady I gave her a space heater for her or and her mother, it was Used but in good shape, it was mine.  After that she was sharing her trashbags that maybe she bought and brought to work for her trashcan, she at time(s) would put them in my trash can too.  Not for sure, but maybe she considered herself paying me  for the space heater I gave her, but I did not require her to pay me for the heater, so would that be considered Bartering or and any kind of taxable income that needs to be reported to IRS or and the State of New Jersey?  

[DoninGA]

These are gifts and not reported on tax return.

[xmasbaby0]

No.   There is nothing to enter on your tax return about gifts given to your co-workers or to your supervisor.   Gifts to individuals are not deductible.

[MindyB]

None of these items are taxable or a deductible expense.  They are personal in nature and do not need to be reported. ‌Gift are not taxable to the recipient, and gift tax returns only need to be filed by the giver once the gift is greater than $18,000 to one person, in 2024. 

[fellynbal]

Thanks for your input.

Are they counted as gifts when you give them to those that were of your places of Employment, versus just somebody outside of Employment?  You may know how at least some thing(s) that are Employment related get treated differently than Non Employment related.

[fellynbal]

Thanks for replying

[MindyB]

You are welcome. ‌Yes, they are still counted as gifts even though it was gifts to coworkers. ‌If you were an employer providing gifts, then it'd be different and would be treated as income to the employee. ‌But, since you aren't giving the gifts to employees as a form of wages, there's nothing special you need to do.‌ You don't need to report any of the items you mentioned.

[fellynbal]

how about the gifts to supervisor?  

[fellynbal]

*supevisors   

Co-workers and supervisor(s) a mixture of differents years.

[xmasbaby0]

Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.

If your gift exceeds the yearly limit ($18,000 per individual)  imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.

TurboTax does not support Form 709.  It is not an income tax form and would not be included as part of an income tax return.

Here is a link to the form:

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

[MindyB]

No, the supervisors aren't your employees, so this wouldn't be considered wages. They are personal gifts. You don't have to report any of the things you have mentioned here. 

[fellynbal]

Does it not matter that at least one of the co-workers may have tried to pay me back for the gift I gave her at least?  I gave her the used space heater, and I did NOT require her to pay me at all, but after that she was giving me some of her trash bags for my trash can, not for sure if she was trying to pay me back or not for the space heater by giving me the trash bags that she may have bought herself.  Not sure if she referenced the trash bags to me giving her the heater or and if I just thought that had to do with that or however, but I don't want to give incorrect information.  She could have done it with that intent or maybe not.  But if she did, and if I accepted any of the trashbags along with her intent maybe to let her do good by me as I done by her, would that be required to report to my State and even the IRS?  At least, When I gave her the heater in the beginning I would not accept any pay from her, it was intended to be without pay, but I did at least have the intent that I give her the heater, because I let another co-worker have something that was for me from my employer, so to try to be fair or and however, I wanted to do good by her.

[KrisD15]

The only time you would have to report a gift, is if you gave someone more than $18,000 in 2024. 

If the space heater was worth less than $18,000, you don't report it. 

If the trash bags were worth more than $18,000 you would not report it, she would. 

[fellynbal]

That is not considered me receiving non cash income for my gift I gave her, and not required to be reported nor pay taxes to my State nor the IRS?

[KrisD15]

Correct.