Question

In which of the following situations would someone have to pay a gift tax?




A. A relative dies and leaves you $13,000 in the will.


B. Your cousin gives you a car worth $1,700.


C. Your grandmother gives you $13,000 toward college.


D. Your cousin gets a job paying $32,000 a year.
Not A

Answer 1

@Whitemonsterbunny17

Answer 2

It's B.
Source: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes

Answer 3

thanks @Whitemonsterbunny17

Answer 4

You're welcome!! (: