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June 1, 2019
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Can a gift of a car to our son be considered tax deductible and/or the shipping from Texas to Florida of the car.

  • June 1, 2019
  • 1 reply
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Best answer by MichaelL1

Gifts to family members are not deductible. Only donations to charity can be deducted.  

If the gift is over $14,000, a gift tax return may be required to be filed by the person giving the gift. 

1 reply

MichaelL1
MichaelL1Answer
Employee
June 1, 2019

Gifts to family members are not deductible. Only donations to charity can be deducted.  

If the gift is over $14,000, a gift tax return may be required to be filed by the person giving the gift.