A gift is not taxable.
by Barkley Hound - 14 hours ago
As everyone noted, gifts are not taxable. (Internal Revenue Code section 102.) If you want the statute of limitations to run out on the IRS in 3 years rather than 6 years, consider disclosing the gifts on an attachment to your form 1040 tax return. You probably have nothing to worry about, but it may be prudent to disclose the gifts, just in case there is some about the gifts you haven't told us.
by mattapan26 - 14 hours ago
No, it would be considered a gift to you, not taxable income.
by Judy - 14 hours ago
if money that was just given to you, i dont see why you would have to claim it.
by laura s - 14 hours ago
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