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Returning Member
posted Aug 31, 2022 9:56:38 AM

If money is transferred from someone else bank account to mine do I have to report it as income

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1 Replies
Employee Tax Expert
Aug 31, 2022 10:00:42 AM

Hi Fourhorseonedog,

this is a very interesting question. without having any context to consider, depending on the account that receives the income, you could pay interest for the time the money remains in the account. A bit more context to your question would be helpful.