View Single Post
  #4  
Old 12-15-2005, 10:28 PM
BigBluffer BigBluffer is offline
Senior Member
 
Join Date: Aug 2003
Posts: 101
Default 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]
Reply With Quote