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发帖数: 323 | 1 The $11,000 is the annual exclusion for gifts have present interests only. If
your gift amount for each donee falls below $11,000 in 2004, you don't need to
file Gift tax return (form 709). If your gift amount is greater than $11,000,
that doesn't mean you owe gift tax to the IRS. You have a life time unified
credit, currently it is $345,800, to against your gift tax liabilities.
Only gifts/donations to a 501(c) organization is deductible on your 1040 as an
itemized deduction. |
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