I got married this year and received almost $4K in money towards our honeymoon (which was immediately spent to offset the cost of the honeymoon accommodations). Do I pay taxes on this? The money came through direct transfer from a wedding registry site, so while the total money was deposited from one source (the registry), the money initially came from several people contributing to the fund, none of them donating more than $200.
You'll need to sign in or create an account to connect with an expert.
No, that was a non-taxable, non-reportable gift.
No, that was a non-taxable, non-reportable gift.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mrhackett
New Member
sergeantguam
New Member
Michael00001
Level 1
joycehong1978
New Member
Lhotapa
New Member