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Richard, Tax Attorney
Category: Tax
Satisfied Customers: 53705
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

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I want to donate some money to my daughter, will she pay taxes on this
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 3 years ago.

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

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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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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