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Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 45999
Experience:  29 years of experience as a tax, real estate, and business attorney.
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I want to donate some money to my daughter, will she pay taxes

Customer Question

I want to donate some money to my daughter, will she pay taxes on this
Submitted: 1 year ago.
Category: Tax
Expert:  Richard replied 1 year ago.
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.


Good morning. I'm a bit confused. Are you in Brazil or are you in Connecticut. Where is your daughter? Thanks.
Customer: replied 1 year ago.

I am in Brazil, the money is on a bank account in the US under my name and my daughter lives in connecticut

Expert:  Richard replied 1 year ago.
Thanks for following up. Recipients of gifts in the U.S. are not subject to any gift tax. And, since it is a gift, rather than income, it is not taxed as income either. Thus, botXXXXX XXXXXne, she will owe no tax on your gift.



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Richard, Tax Attorney
Category: Tax
Satisfied Customers: 45999
Experience: 29 years of experience as a tax, real estate, and business attorney.
Richard and 3 other Tax Specialists are ready to help you
Expert:  Richard replied 1 year ago.
Thank you so much for the positive rating! I appreciate having had the opportunity to serve you! If I can be of assistance to you in the future, just look me up and I will be happy to help!

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