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To: Westbrook
True, but subject to the tax sharks.

No, gifts are not taxed.

19 posted on 09/24/2018 5:24:11 AM PDT by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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To: palmer

If the amount is greater than $14K, yes.

https://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/


25 posted on 09/24/2018 5:48:21 AM PDT by Westbrook (Children do not divide your love, they multiply it)
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