- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Brady gives Superbowl truck to Butler
Posted on 2/3/15 at 10:50 am to trackfan
Posted on 2/3/15 at 10:50 am to trackfan
Giver pays the Gift Tax. Technically, the giver could just give the receiver the item at a discount, and the receiver would then pay it as straight income on the fair market value.
2
Posted on 2/3/15 at 10:52 am to Jcorye1
quote:If Brady did this he would be the biggest dick of all time
Technically, the giver could just give the receiver the item at a discount, and the receiver would then pay it as straight income on the fair market value.
(I know he isnt)
Posted on 2/3/15 at 11:47 am to Jcorye1
quote:
Giver pays the Gift Tax. Technically, the giver could just give the receiver the item at a discount, and the receiver would then pay it as straight income on the fair market value.
The amount of discount under FMV would still be considered a gift and must be reported.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News