Frequently Asked Questions

 
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What will the government consider as a gift from my senior that would require me to include it when I file my taxes?
Moderator SeniorCaring
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1 answer
Moderator SeniorCaring
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The government considers a gift as the transference of any personal property or money that holds value. This includes property where the value of the property is more than the money received, making an interest-free loan, forgiving a debt, property settlements, and transferring a portion of an annuity to create a survivor annuity.