Expert: Gifting Malcolm Butler MVP Truck Won’t Be CheapFebruary 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 Boston.com article on the variables that could affect Brady’s tax implications, says there is a way out.
Read more: Boston.com