Gave straight cash to my son to live on while in University. Can I claim as a gift?

No receipts, no forms. He used the money to live on. Can I claim this as a gift?

posted

1 Best answer

Accepted Solutions

Gave straight cash to my son to live on while in University. Can I claim as a gift?

No. This gift is not taxable to him and is not deductible by you.

View solution in original post

1 Reply

Gave straight cash to my son to live on while in University. Can I claim as a gift?

No. This gift is not taxable to him and is not deductible by you.