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Sending Money Family Member
I have an elderly relative that is going through touch financial times in Puerto Rico. I was wondering if I sent money to her throughout the year when I can, through PayPal or CashApp, does she have to report this income to the IRS? Any tax implications on anyone? Is there a limit on how much she can receive, until she has to report? Thank you for your help in advance!
‎January 27, 2023
11:03 AM