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Is money gifted to my children taxable under the kiddie tax law?

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mozi

Junior Member
What is the name of your state (only U.S. law)? NY
Guys.
can you please tell me Is money gifted to my children taxable under the kiddie tax law?
waiting for your replies....
 


LdiJ

LdiJ

Senior Member
mozi said:
What is the name of your state (only U.S. law)? NY
Guys.
can you please tell me Is money gifted to my children taxable under the kiddie tax law?
waiting for your replies....
Click to expand...
No, but the income from that money may be. Again, google is your friend.
 
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