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Reply to "Do taxes have to be paid by the recipient on large non-monetary gifts? "
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[quote=Anonymous]No. The recipient of a gift does not pay taxes. The person giving the gift pays gift taxes unless the value is below the annual exclusion ($14000 in 2013 or $28000 for couples). Donors can also use their lifetime exclusion for larger gifts, currently 5.12 million dollars. [/quote]
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