Solved: I have a trust fund that pays for most of my living expenses, does this count as earned income?

I have a trust fund that pays for most of my living expenses, does this count as earned income?

posted

No, payment from a trust fund for your living expenses is not earned income.

Please read this TurboTax FAQ on What is earned income:

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No, payment from a trust fund for your living expenses is not earned income.

Please read this TurboTax FAQ on What is earned income:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have a trust fund that pays for most of my living expenses, does this count as earned income?