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garnertabatha48

Question

I only was able to show a very small amount of income this year I got severely hurt at work and I have a friend whom I be known 30 years whfh

Forum|Forum|1 year ago
April 11, 2025
1 reply
0 views

My income was 242$ so since I lived and provided for two kids and two other adults shud I list money that was given to me from a friend that well exceeds 16,000 and how do I do that or shud I say anything

TurboTax Live Deluxe Online

Employee

Money that was given to you as a gift is not taxable and does not get entered on a tax return. It is also not deductible for the person who gave it to you. If you had no taxable income then you do not need to file a tax return unless you have a 1095A for marketplace health insurance.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**