Solved: Where do I claim a gift payoff of a layaway
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kandian35
New Member

Where do I claim a gift payoff of a layaway

a Christmas gift to an unknown party or parties at KMart
1 Best answer

Accepted Solutions
macuser_22
Level 15

Where do I claim a gift payoff of a layaway

If you are asking if it is a deduction - no.   Only donations to recognized charitable organizations are deductible.   Gifts to individuals are not deductible.


**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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2 Replies
macuser_22
Level 15

Where do I claim a gift payoff of a layaway

What is that?
**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.**
macuser_22
Level 15

Where do I claim a gift payoff of a layaway

If you are asking if it is a deduction - no.   Only donations to recognized charitable organizations are deductible.   Gifts to individuals are not deductible.


**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.**

View solution in original post

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