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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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Is it legal to do gifting and expecting to receive a gift

Customer Question

Is it legal to do gifting and expecting to receive a gift later
Submitted: 11 months ago.
Category: Tax
Expert:  Richard replied 11 months ago.

Good afternoon Sidney. My name is ***** ***** I look forward to helping you.

Can you explain the situation in a bit more detail for me? Is the gift now being represented to a third party as a gift, but in the end the party making the gift wants reciprocity? Thanks.