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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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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!
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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.
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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.
