I received a gift of $12,000 from my parents, do I have to pay taxes on this income?

Ryu78Kaze · ‎June 5, 2019

MaryK1 · ‎June 5, 2019

No, gifts are not taxable income and do not have to be reported by the recipient.

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MaryK1 · ‎June 5, 2019

No, gifts are not taxable income and do not have to be reported by the recipient.

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