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Do I need to pay taxes if I received 200k as a gift from a friend?

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  • Do I need to pay taxes if I received 200k as a gift from a friend?


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Answer #1 | 05/05 2013 22:52
if u were in USA, u and friend would pay large taxes.
Positive: 55 %

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Taxes; Do I Have to Pay Inheritance Tax? Do I Have to Pay Inheritance Tax? October 8, 2009. By: Mark Kennan. Only a few states impose an inheritance tax.
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... do, but you need to ... gifting money to your children they will be pushed into a higher income tax band, or be liable to pay income tax on the gift ...
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