Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are baby shower presents considered gifts?

April 26, 2017baby gifts presents shower

0

Posted

Are baby shower presents considered gifts?

1 Answer

0

Posted

Probably not. Items given to your baby for his or her sole use, such as baby clothes and baby toys, are not considered to be items that you you receive a direct benefit from or that you exercise discretion and control over. However, gifts that you do exercise control over, such as gifts of money or gifts of significant value, may qualify as reportable gifts even if they are ostensibly given to your baby.