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Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1250
Experience:  MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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You are allowed to receive two $6,000 gifts in a year without

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You are allowed to receive two $6,000 gifts in a year without claiming that as income on your taxes, correct?
Submitted: 6 years ago.
Category: Tax
Expert:  Mark D replied 6 years ago.
Customer

Generally you have no reporting requirement for receiving a gift from a US giftor. However, the giftor would need to report gifts in excess of $13K to any individual using form 709. If under $13K, there would be no reporting requirement. Please let me know if you have further questions.

Regards,

Mark D
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