4 ms·
Unless I'm missing something (IANAL or CPA), the donors would have to pay the gift tax, not the donee, meaning that the tax would be assessed individually on ea
by eurleif 14y ago
Unless I'm missing something (IANAL or CPA), the donors would have to pay the gift tax, not the donee, meaning that the tax would be assessed individually on each donation amount, not on the total; and each donor has an annual exclusion of $13,000, so unless an individual donor gave more than that amount, it's a total moot point.