Ask Terry Questions gift taxes

gift taxes

By Terry Savage on February 25, 2025 | Wild Card

I gifted my granddaughter money from sale of my condo in 2024, I know I ,,must file a 790 form,my question is what forms will she need to file. Gift was 82k. Thank you

Terry Says

The recipient does not file any form. And there is o tax until your death, and then only if your estate (including gift) is over $13.9 million!
PS. You’re a wonderful grandma!

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