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abenexul
New Member

Am I allowed to claim money that I was given as a gift in 2017? I know that I don't have to, but due to my tax situation, it may help me receive the most money if I can

 
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KrisD
Intuit Alumni

Am I allowed to claim money that I was given as a gift in 2017? I know that I don't have to, but due to my tax situation, it may help me receive the most money if I can

No, money received as a gift is not taxable and cannot be reported as income. 

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KrisD
Intuit Alumni

Am I allowed to claim money that I was given as a gift in 2017? I know that I don't have to, but due to my tax situation, it may help me receive the most money if I can

No, money received as a gift is not taxable and cannot be reported as income. 

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