This interview will help you determine if the gift you received is taxable.
Information you'll need
- The source of the gift (e.g. employer, opening a bank account)
This tool does not answer
- Rebates
- Bribes
- Below-market loans
- Charitable gift annuities
- Gifts from foreign entities
Disclaimer
Conclusions are based on information provided by you in response to the questions you answered. Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404(f) of the Internal Revenue Code.
Estimated completion time: 10 minutes
Please note: After 30 minutes of inactivity, you'll be forced to start over.
Caution: Using the "Back" button within the ITA tool could cause an application error.