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June 1, 2019
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I got contributions on go fund me. Do these funds nees to be reported?

  • June 1, 2019
  • 1 reply
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Best answer by LeeM

No. Those amounts would be considered gifts and would not be taxable. You do not need to enter them.

1 reply

LeeMAnswer
Employee
June 1, 2019

No. Those amounts would be considered gifts and would not be taxable. You do not need to enter them.