A gift or a present is an item given to someone, without the expectation of payment or anything in return. An item is not a gift if that item is already owned by the one to whom it is given.
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A gift or a present is an item given to someone, without the expectation of payment or anything in return. An item is not a gift if that item is already owned by the one to whom it is given. Although gift-giving might involve an expectation of... Wikipedia
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noun. something given voluntarily without payment in return, as to show favor toward someone, honor an occasion, or make a gesture of assistance; present.
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Nov 22, 2023 · Find common questions and answers about gift taxes, including what is considered a gift, which gifts are taxable and which are not and who ...
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