Solved: We gifted an auto worth 15,000 to our daughter. Is this deductible?

We gifted an auto worth 15,000 to our daughter. Is this deductible?

posted

No, gifts are not deductible or reported as income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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No, gifts are not deductible or reported as income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**