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I want to donate some money to my daughter, will she pay taxes

on this...
I want to donate some money to my daughter, will she pay taxes on this
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Answered in 1 minute by:
5/2/2013
Richard
Richard, Tax Attorney
Category: Tax
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Good morning. I'm a bit confused. Are you in Brazil or are you in Connecticut. Where is your daughter? Thanks.
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Customer reply replied 4 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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