I transferred a 1000 dollar through only banking on behalf of my friend to another person. My friend now gave me that money as cash. If I deposit that 1000 dollar cash to my account, do I need to decl
I transferred a 1000 dollar through only banking on behalf of my friend to another person. My friend now gave me that money as cash. If I deposit that 1000 dollar cash to my account, do I need to decl
No. If the money was given as a gift you do not need to declare it as income. Gifts are not taxable to the person who receives the gift.
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