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Level 1
posted Feb 9, 2025 2:10:51 PM

I was in an apartment building fire last February. A gofundme was started for me and I received almost $8000. Will I get a 1099 for that and have to put on my return?

I assume I have to put this on my return but I just want to make sure because when I tried to google this, I got several different answers. I want to file my taxes but have not received anything from Gofundme

0 1 1040
1 Replies
Level 15
Feb 9, 2025 2:12:51 PM

Those funds were gifts.  Gifts received are not entered on a tax return, regardless of the amount received.