Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift.
-$14,000 paid to the University of Oklahoma for a foster child's tuition

Name: Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift. -$14,000 paid to the University of Oklahoma for a foster child's tuition
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Question

Quizplus · Accepted Answer

Payments made directly to an educational institution for someone's tuition are not considered taxable gifts under U.S. tax law.

Indicate by a T If the Following Results in a Taxable