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Financial Planning / Tax Strategies


Subject:  Re: Gift Date:  7/1/2012  4:08 PM
Author:  TMFPMarti Number:  116378 of 132093

I know you can give $13,000 per year to someone tax free, but will the recipient needs to pay the income tax on it?

Gifts, regardless of amount or donor, are always income tax-free. See Pub 525.

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