Gifts exceeding which value must be reported within 60 days?

Gifts exceeding which value must be reported within 60 days?

• A. $100 value, 30 days
• B. $335 value, 60 days
• C. $250 value, 45 days
• D. $500 value, 90 days

Answer: (B)

Gifts from non-Federal sources are reported only when they exceed a set value, and the clock starts when you receive the gift. The threshold is 335 dollars, and once a gift is above that amount you must report it within 60 days. This keeps disclosures timely and helps prevent or reveal any potential influence or appearance of obligation. So, the correct combination to remember is a value threshold of 335 dollars with a 60-day reporting window.

Gifts from non-Federal sources are reported only when they exceed a set value, and the clock starts when you receive the gift. The threshold is 335 dollars, and once a gift is above that amount you must report it within 60 days. This keeps disclosures timely and helps prevent or reveal any potential influence or appearance of obligation. So, the correct combination to remember is a value threshold of 335 dollars with a 60-day reporting window.