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Level 6
February 8, 2022

Gift tax to fiance that married the same year

  • February 8, 2022
  • 2 replies
  • 5 views

Hi, fiance gifted fiancee $30K. A few months later in the same year they married. Does he have to file a gift tax return, or is it considered gift among spouses?

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    2 replies

    IRonMaN
    Level 15
    February 8, 2022

    He gave her $30K and still married her?  He should have cut his losses and run. 

    Since the IRS is going to consider them married for the whole year for income taxes, I would go that route for the gifting too.

    Slava Ukraini!
    ptax255Author
    Level 6
    February 10, 2022

    I'm going by this as an answer, thank you. Cash was not in lieu of engagement ring.


    PS. She's the bread winner in the fam.

    BobKamman
    Level 15
    February 8, 2022

    Was it cash in lieu of an engagement ring?  I think the rule is that the ring is not a completed gift because it gets returned if the wedding is canceled.  But I could be wrong.  This sounds like a question from a Tax202 final exam, but I suppose it could have happened.