https://ttlc.intuit.com/community/taxes/discussion/gift-income/01/1388682#M991484 <P>Is money gift taxable? &nbsp;I received $5500 last year from a friend helping out with rent and living expenses?</P> Tue, 31 Mar 2020 22:07:53 GMT Chau 2020-03-31T22:07:53Z https://ttlc.intuit.com/community/taxes/discussion/gift-income/01/1388682#M991484 <P>Is money gift taxable? &nbsp;I received $5500 last year from a friend helping out with rent and living expenses?</P> Tue, 31 Mar 2020 22:07:53 GMT https://ttlc.intuit.com/community/taxes/discussion/gift-income/01/1388682#M991484 Chau 2020-03-31T22:07:53Z https://ttlc.intuit.com/community/taxes/discussion/re-gift-income/01/1388695#M991485 <P>Gifts received from an individual are not entered on a tax return, regardless of the amount received.</P> Tue, 31 Mar 2020 22:09:23 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gift-income/01/1388695#M991485 DoninGA 2020-03-31T22:09:23Z