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Old 04-05-2002, 11:29 AM
leahmassey
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Gift Tax

I want to gift $10000 to each of my two children this year. Can I then write off that amount on my taxable income, and do I need a special form to do that?
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Old 04-08-2002, 03:03 PM
loku
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Sorry, that is not a deductable expense; therefore you can not write it off.
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