@lkramer1981 You will end up with a 1099K and have to report it as I posted originally with an adjustment and have to file by mail. you open yourself up to more tax reporting, possible audit. you should NEVER commingle charitable funds with your own personal accounts if there is any way around it. there is no reason not to have the gofundme with the schools info and ein and allow the payment to go via check to the school. Then again personal check direct to the school from each donor are best.
**I don't work for TT. Just trying to help. All the best.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
