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    khuc1's Avatar
    khuc1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 8, 2008, 08:14 AM
    Money gift
    If I received $3000 for a gift do I pay taxes?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 8, 2008, 08:31 AM
    No the gift giver pays the taxes, but a person can give up to $10K in a year before gift taxes accrue.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 8, 2008, 08:14 PM
    Agreed!
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