Do I have to pay income tax on a gift of 115,000
Date: Fri, 12/10/2010 - 01:01
Do I have to pay income tax on a gift of 115,000
You do not have to claim a gift of cash as income. The person w
You do not have to claim a gift of cash as income. The person who gave you the gift, however will have to file if the gift exceeds $12000 to a one person during that tax year.
If there is a moderator, please move this to the appropriate cat
If there is a moderator, please move this to the appropriate category.
