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To: blueplum

It’s also a gift with tax implications.

Won’t she have to pay income tax on the value of the gift?


5 posted on 09/14/2021 9:03:02 PM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: mewzilla

Just as if you are on a game show and win a lot of prizes. Most folks don’t realize...you are taxed on the retail value of those, and on any ‘cash’ won too.


13 posted on 09/14/2021 9:19:02 PM PDT by ProfessorGoldiloxx
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