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Deductions & credits
That's what I was hoping to hear! One of the (more difficult) siblings is insisting that we will pay income tax on this, but I cannot find anything that agrees with her on that.
So it sounds like 100% this is not considered income and will not need to be reported on our taxes for 2022 (except for the FMV part which should be little to no taxes)!
Thank you
‎October 17, 2022
8:50 AM