Claiming a gift on a tax return...

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Claiming a gift on a tax return...

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10-19-2008, 06:35 PM

mrstucker is offline

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Claiming a gift on a tax return...

What is the name of your state (only U.S. law)? Missouri. Can I claim the computer I bought my husband for his birthday as a gift even if I had to borrow the cash from the bank?

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10-19-2008, 06:47 PM

irsos is offline

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Originally Posted by mrstucker

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What is the name of your state (only U.S. law)? Missouri. Can I claim the computer I bought my husband for his birthday as a gift even if I had to borrow the cash from the bank?

Absolutely, you may claim that it is a gift. Problem is, gifts, other than to qualified charities, are not deductible.

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