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April 17, 2024
Question

I gave a friend some money last year to help her while she was unemployed and I do not expect to get much of it repaid. Can I deduct any of this as a gift?

  • April 17, 2024
  • 1 reply
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1 reply

Employee
April 17, 2024

No.  Gifts to individuals are not deductible.  Only gifts to charities are deductible.

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