topic I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment. in Retirement tax questions

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

dpatrick003 — Sat, 01 Jun 2019 05:03:04 GMT

Was this money that your father paid you, or was it paid...

AmyT — Sat, 01 Jun 2019 05:03:06 GMT

Was this money that your father paid you, or was it paid by someone else?

paid by father

dpatrick003 — Sat, 01 Jun 2019 05:03:08 GMT

paid by father

Does he plan to claim a deduction for the expense?

AmyT — Sat, 01 Jun 2019 05:03:08 GMT

Does he plan to claim a deduction for the expense?

no

dpatrick003 — Sat, 01 Jun 2019 05:03:10 GMT

no he doesn't file income tax

dpatrick003 — Sat, 01 Jun 2019 05:03:14 GMT

no he doesn't file income tax

One way to handle these funds would be for you and your f...

AmyT — Sat, 01 Jun 2019 05:03:17 GMT

One way to handle these funds would be for you and your father to agree that this is a gift. Since the total amount is below the reporting threshhold for gifts (which is $14,000), there would be no reporting or tax consequences to either you or him.

This would be the simplest way to handle this and would provide the best tax result to you without creating any problems or additional reporting for your father.