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kmryor
New Member

We gifted our grandson $5000.00. Is this deductible?

 
1 Reply
xmasbaby0
Level 15

We gifted our grandson $5000.00. Is this deductible?

Sorry, but no it is not.  Gifts to individuals are not deductible.

**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.**

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