Hi there, a relative of mine got hit with expensive medical bills abroad, another relative who also lives abroad is considering opening a GoFundMe campaign to help cover some of the medical expenses and asked me if they could use my bank account as it would be easier to pay the healthcare providers.
I checked online and apparently GoFundMe donations are considered personal gifts and therefore not taxable, but I wanted to double check if that's still the case or if my personal situation changes anything. That being said, here are my questions:
1. Would I be taxed on the donations I received through GoFund me?
2. Is there a limit amount I can receive before it becomes taxable?
3. Do I need to provide medical receipts or similar to the IRS? What happens if the patient is someone else that is not my dependent?
Thank you in advance.
