Timeline for Is a gift always a gift on both ends?
Current License: CC BY-SA 4.0
11 events
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Apr 5, 2021 at 14:04 | comment | added | Hart CO | @gnasher729 Good point! This answer assumes individuals in the US. | |
Apr 5, 2021 at 13:56 | comment | added | gnasher729 | It might happen if a gift goes from one country to another, with different laws applying. Not the case hear, I assume. | |
Apr 4, 2021 at 17:28 | comment | added | Fattie | HartCO I do agree precisely with what you just said, however I believe OP is after some sort of reference (I guess from the IRS) that absolutely asserts the, let us say, base epistemological reality of that assertion. (!) | |
Apr 4, 2021 at 15:56 | history | edited | Hart CO | CC BY-SA 4.0 |
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Apr 4, 2021 at 15:46 | history | edited | Hart CO | CC BY-SA 4.0 |
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Apr 4, 2021 at 15:41 | comment | added | Hart CO | Ah, didn't notice just grabbed a recent link. Don't see how that matters. The things that make something income to one side necessarily make it not a gift on the other side. If gift tax is only paid by the giver and gifts are tax free to the recipient, then knowing that streamers income is considered income answers the question already, doesn't it? | |
Apr 4, 2021 at 15:40 | history | edited | Hart CO | CC BY-SA 4.0 |
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Apr 4, 2021 at 15:33 | comment | added | user2357112 | That "How to Pay Tax as a Streamer" guide is the same guide I linked in the question. I know the streamer has to pay income tax; it's the giver's side I've had a harder time finding information on. | |
Apr 4, 2021 at 15:30 | history | edited | Hart CO | CC BY-SA 4.0 |
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Apr 4, 2021 at 15:30 | comment | added | Fattie | I fear that OP is looking for an iron-clad reference (presumably from the IRS) that paragraph 1 here is logically correct. | |
Apr 4, 2021 at 15:24 | history | answered | Hart CO | CC BY-SA 4.0 |