GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Tax question, how does a $10,000 gift exemption work?

Kard63 · 12-26-2006, 08:24 PM

Am I allowed to recieve a $10,000 gift from two different people in 1 year and both be tax exempt?

Can I give $10,000 to two different people in 1 year and both be tax exempt?

Feel free to explain if you have a good understanding of this.

Thanks in advance.

12-26-2006, 08:24 PM
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Tax question, how does a $10,000 gift exemption work? Am I allowed to recieve a $10,000 gift from two different people in 1 year and both be tax exempt? Can I give $10,000 to two different people in 1 year and both be tax exempt? Feel free to explain if you have a good understanding of this. Thanks in advance. __________________