Example

Let’s say you received the following gifts from the same source during the reporting period:

• Painting ($290 value)
• Pen set ($185)
• Letter opener ($25)

Step 1:  Eliminate those gifts with a value of $156 or less.

• Painting ($290 value)
• Pen set ($185)
• Letter opener ($25)

Step 2:  Add the values of the remaining gifts.

• Painting ($290 value)
• Pen set ($185)

$290 + $185 = $475

Step 3:  Compare the total value from Step 2 to the $390 threshold.  If the value is more than $390, report the gifts worth more than $156.

Report the painting and the pen set.  Do not report the letter opener.

Remember

Gifts and travel reimbursements count toward separate $390 thresholds.  Let’s say that in the example above you received a $290 travel reimbursement instead of a $290 painting.  If that were the case, the pen set is the only gift that you received with value of more than $156.  However, the value of the pen set does not individually exceed the $390 threshold, so you would have no gifts to report.