If I received a gift from a monetary gift from a relative, how much of that is tax exempt - i.e. the yearly gift amount? And if it's an amount over, where report?

[chiefgracie0322-]

Where do I report the gift in the my taxes?  And do I only report the amount over the gift amount?

[Rainman12 · Accepted solution]

You don't report gifts at all. If over $14,000, giver should file a Form 709 (Gift tax return) ...