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New Member
posted Feb 13, 2022 11:38:52 AM

If I get seven hundred as a gift through venmo from a family member. Do I claim this and under what?

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2 Replies
Level 15
Feb 13, 2022 11:41:33 AM

Gifts received are not reported on a tax return, regardless of the amount received.

Level 15
Feb 13, 2022 11:41:50 AM

No. The recipient (donee) of a gift from a family member in the United States does not need to report the gift.