Absolute Gift Certificates - Taxable?
I would not think that we would have to pay tax on these if we receive them from someone.
Any thoughts? |
Re: Absolute Gift Certificates - Taxable?
In the US, gifts are income tax-free to the recipient.
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Re: Absolute Gift Certificates - Taxable?
Looks like you are in the clear as long as you don't give 11k to any one person in a year or give over 1 million away in your lifetime.
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Re: Absolute Gift Certificates - Taxable?
[ QUOTE ]
Looks like you are in the clear as long as you don't give 11k to any one person in a year or give over 1 million away in your lifetime. [/ QUOTE ] The OP was asking about the tax consequences of RECEIVING a gift. Your comments concern GIVING. Let's not confuse the dude. [img]/images/graemlins/ooo.gif[/img] |
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