Where Form 8865 Exclusion 2024

Divide this text into sentences and correct mistakes: - Will you pay gift tax on your gifts to another person? That's what we're gonna talk about here today on the Heritage Wealth Planning YouTube channel, my friends. We're gonna talk about gift tax, what you need to know. You can use this if you're looking at gifting money, or even if you're a recipient of a gift from another human being. So, we're going human being to human being, not human being to a charity. We can maybe sidetrack that one for a different episode. Is it taxed? That's what we're going to talk about here today. So, welcome to the Heritage Wealth Planning YouTube channel, my friends, the place where you come to learn about gift tax and everything else financial planning-related. Everything that either someone comes to financial planning. So, don't forget to subscribe right now in there, and once you subscribe, hit the bell. Be a blast yet. Not sure where the bell is, is it down there? I think it's down next to the subscribe little bot button there, to be notified for future content I do about it, maybe even to episode 8, Sound Joy, it's fun. Alright, so let's talk about gift tax. Um, well, a couple of things. I get this question all the time. I'm very active on Quora, and this is why it prompted me to do this one here today. I get probably once every couple of times a month, if I do this as a gift tax or I received this from grandma, is it subject to gift tax? And the answer is no, it's just not subject to gift tax, especially on the new tax law, TCJA, tax cut, Jobs Act of 2017. So let me go dive into...