If this was a gift, then you would not report anything on your taxes as gifts are not taxable income.
If this was prize money, then you would report it as other income. It sounds like it is prize money for your daughter and a gift to you. This means if your daughter is filing a tax return, she would report the amount she received as a prize as other income. If she is filing a return then she would report it by selecting the following:
- Income
- Show More next to Less Common Income
- Start next to Misc Income
- Start next to Other Reportable Income
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