<p>
That’s not true. A gift is never taxable to the recipient. If the giver gives more than the allowed amount, a gift tax return is due but unless it exceed the lifetime amount, it won’t be taxable to the giver either.</p>
<p>
That’s not true. A gift is never taxable to the recipient. If the giver gives more than the allowed amount, a gift tax return is due but unless it exceed the lifetime amount, it won’t be taxable to the giver either.</p>