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To: bert
Turbo Tax is telling people these proceeds are NOT taxable.

https://ttlc.intuit.com/questions/3651208-how-do-i-report-income-from-gofundme-donations

10 posted on 11/19/2018 3:43:03 PM PST by Bernard (We will stop calling you fake news when you stop being fake news.)
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To: Bernard

THis is true, you can gift money to people and it is tax-free, but there are limits to how much a single person can give you, like $10,000. THe idea is the people who give you the money already paid taxes, and since you are getting a donation, they are not getting services for what they give you.


44 posted on 11/19/2018 7:32:50 PM PST by CharlesWayneCT
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