topic I received cash from a friend $1000 per month for living expenses but not for employment. Where do I put this amount on tax form? in Get your taxes done using TurboTax

I received cash from a friend $1000 per month for living expenses but not for employment. Where do I put this amount on tax form?

rnyuki — Thu, 06 Jun 2019 10:30:59 GMT

DoninGA — Thu, 06 Jun 2019 10:31:01 GMT

Is this a personal loan that you must pay back with interest? Or is this a gift that does not ever have to be repaid.

Hal_Al — Thu, 06 Jun 2019 10:31:02 GMT

You don't put it anywhere on your tax return (forms).

Gifts are not income. not taxable and not reportable. Loans are not income. not taxable and not reportable.

SweetieJean — Thu, 06 Jun 2019 10:31:04 GMT

However, you can record it as nontaxable income for purposes of the Sales Tax deduction.