Donna F 77
Employee Tax Expert

Self employed

You do not have to pay taxes on money that's sent to you as a gift, to pay half of a joint bill, or from one of your accounts to another account at a different institution.  This does not necessarily mean it will not get reported to the IRS.  If it gets reported to IRS (you receive a 1099), you will need to report it on your tax return.  You still will not pay taxes on it if it is not income.

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