FIND THE ANSWERS

If I gift a $55K car to a friend, not for a tax deduction Just a gift. What form is filled out to the IRS? So they pay income taxes on it.?

Answer this question

Do you know the correct answer? Make money answering questions! Join now.
  • If I gift a $55K car to a friend, not for a tax deduction Just a gift. What form is filled out to the IRS? So they pay income taxes on it.?


Answers