Gift tax
If I receive a gift of 85 thousand dollars am I required to pay a gift tax on it
Asked on 9/14/08, 3:35 pm
1 Answer from Attorneys
Ruth Emily Kochard
Ruth Emily Kochard, Counselor at Law
Re: Gift tax
In general, the gift tax is paid by the donor, not the donee. The gift tax laws can be difficult to interpret, and exceptions apply; I suggest that you consult an attorney to review your particular situation in order to obtain a more thorough answer.
Answered on 9/15/08, 12:42 am
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