Do I Have to Pay Taxes On Gifts I Receive

You do not have to pay taxes on gifts that are true gifts. This means that if you received a " gift' for services rendered, then it's not a gift. There is no limitation amount before you start paying taxes as long as it's a gift. The one rule to the exception is if you receive income after you receive the gift. If you receive a house as a gift and you rent the house, you will have to pay .
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