n_m_s
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Okay. Sorry I have so many questions. We didn't draft any paperwork or sign anything stating it was a loan. I believe we lent somewhere around $3,000, and sold ...
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Thanks-So just for clarification, if we received this gun as a repayment for a loan from the relative, we would still put "I received it as a gift"?Additionally...
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Thank you for your reply! So would we report this through a 1099-S?
Activity Feed for n_m_s
- Posted Re: How do I report the sale of a gifted item on federal taxes? We received an old rifle (not sur... on Get your taxes done using TurboTax. May 31, 2021 6:41 PM
- Posted Re: How do I report the sale of a gifted item on federal taxes? We received an old rifle (not sur... on Get your taxes done using TurboTax. May 17, 2021 11:58 AM
- Posted Re: How do I report the sale of a gifted item on federal taxes? We received an old rifle (not sur... on Get your taxes done using TurboTax. April 6, 2021 12:01 PM
- Posted How do I report the sale of a gifted item on federal taxes? We received an old rifle (not sure antique?) from a family member as a gift, and sold it within a year. on Get your taxes done using TurboTax. March 30, 2021 10:53 AM