I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

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No and no.

However, if Daughter itemizes, she can record it as nontaxable income for purposes of the Sales Tax deduction.

No. Gifts to individuals are not deductible. Your daughter does not have to enter it on her tax return. Gifts received are not taxable.

**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.**

Hi there, our 21 year old daughter is not a dependent anymore due to more income than $5200 and not living with us. How do I file a return for her?

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I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

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I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

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I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

I gifted $8000.00 tomy daughter in 2017. Is that deductible to me? AND does my daughter have to claim it on her taxes?

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