DianeW777
Expert Alumni

After you file

No.  The income she receives is not income to your family member.  Money received through one of these third party financial apps is taxable only if it is received for sales, services, where there is a profit motive.  

 

The law is not intended to track personal transactions such as sharing the cost of a car ride or meal, birthday or holiday gifts, or paying a family member or another for a household bill.

It will be very important to keep a list of payments received to document proof of non-income payments. The IRS requires reporting for anyone who receives payments that exceed $600 for 2023.

 

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