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No. It is not taxable to you. If it is a gift, she would be required to file a gift tax return at the same time she files her income tax return for the year that she transfers the funds. She would file the return on Form 709, but no tax would be due. As an alternative, she could set up a separate joint savings account or a POD (Paid on Death) account where the balance in account would go directly to you when she died. In that case no gift tax return would be due.
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