Question

[duplicate]My grandmother wrote me a one time $10,000 check as a gift. Do I need to declare it as income or a gift?

Forum|Forum|7 years ago
June 3, 2019
1 reply
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TurboTax Deluxe Online

You don't need to include it on your tax return. Gifts are not reported as income to the recipient. However, your Grand mother should file a Form 709 Gift Tax Return for information purposes.

X

xmasbaby0

Employee

Grandma is not required to file a 709 for a gift under $14,000. OP says the gift was $10,000.

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