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cathy_macdonald
New Member

Where on my taxes do I put that we sold/gifted to our son a pickup

 
1 Reply
Howard1948
Level 7

Where on my taxes do I put that we sold/gifted to our son a pickup

You do not include this in your return.  Gifts are not deductible for the giver nor taxable income to the recipient.  Unless you sold him the pickup for more than you paid for it or took deductions in prior years for business use of the vehicle, there is nothing to report.

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