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Author: BobbysPapa Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121603  
Subject: Gift to extended family- deductible? Date: 4/7/2011 5:36 PM
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Yeah, I know it's a long shot, but we gave about $1,700 to my wife's uncle in Mexico last year when he was dying of cancer. I am just wondering if that is deductible in any way.....


Mike in NJ
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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 113021 of 121603
Subject: Re: Gift to extended family- deductible? Date: 4/7/2011 7:29 PM
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Yeah, I know it's a long shot, but we gave about $1,700 to my wife's uncle in Mexico last year

Sorry, no deduction, but on the bright side, no gift tax responsibility either.

Phil
Rule Your Retirement Home Fool

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