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Is it legal to do gifting and expecting to receive a gift

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Is it legal to do gifting and expecting to receive a gift later
Submitted: 1 year ago.Category: Tax
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Answered in 1 minute by:
3/18/2016
Tax Professional: Richard, Tax Attorney replied 1 year ago
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,026
Experience: 29 years of experience as a tax, real estate, and business attorney.
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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.

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