Expert: Gifting Malcolm Butler MVP Truck Won’t Be Cheap

February 5, 2015

Super Bowl MVP Tom Brady plans to give his shiny new Chevy Colorado truck to Malcolm Butler, whose electrifying last-minute interception won the game for the Patriots. But Brady may owe a substantial gift tax if he transfers ownership to Butler, says Christopher Wright, tax attorney and senior manager in the Tax Group at Marks Paneth. Wright, who was interviewed for a article on the variables that could affect Brady’s tax implications, says there is a way out.

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