Georgia Affidavit of Gift

STATE OF GEORGIA

COUNTY OF [County Name]

Introduction:

I, [YOUR NAME], residing at [YOUR ADDRESS], hereby declare and affirm under penalty of perjury that the following statements are true and correct to the best of my knowledge:

Statement of Facts:

1. The donor, identified as [YOUR NAME], resides at [YOUR ADDRESS].

2. The relationship between the donor and the recipient is described as [state relationship], indicating the nature of their connection.

3. This information establishes the background and context for the gift transfer, underlining the donor's intent and the existing relationship with the recipient within the legal framework of the Georgia Affidavit of Gift.

4. The individual receiving the gift is [Recipient’s Name], who is currently residing at [Recipient’s Address].

5. For the purposes of tax reporting and identification, the recipient's Social Security Number or Tax Identification Number is provided as [Recipient’s SSN/Tax ID].

6. This detail is essential for properly documenting the gift's transfer in compliance with state and federal regulations, ensuring that both the recipient and the donor can fulfill any necessary tax obligations related to the transaction.

7. Description of Gift: [Detailed description of the item being gifted, including any identifying numbers, features, or conditions]

   • Estimated Value of Gift: $[Amount]

   • Date of Transfer: [Date]

Statement of Gift:

I affirm that the described property was given as a gift to [Recipient’s Name] on the date listed above.

There was no exchange of money, goods, services, or promise of future payment or services in return for this gift.

The sole purpose of this transfer is a gift, and it is made without consideration for tax planning purposes.

Tax Obligations:

I understand that this affidavit is made for the purposes of documenting the transfer of the above-described property as a gift and may be used for tax reporting purposes.

I acknowledge my responsibility (or the recipient’s responsibility, as applicable) to report this gift to the Internal Revenue Service (IRS) and the State of Georgia if it exceeds the annual exclusion amount set by the IRS for the year of the transfer.

Further Assurance:

I, [YOUR NAME], agree to provide any further information or documentation required by tax authorities or as requested by [Recipient’s Name] to facilitate the recording and reporting of this gift.

IN WITNESS WHEREOF, I have hereunto set my hand and seal on this [DAY] of [MONTH], [YEAR].

Signature:

[YOUR NAME]

Sworn to and subscribed before me this [DAY] of [MONTH], [YEAR].

[NOTARY PUBLIC NAME]

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