turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to include donations I received?

Along with the 1099 I also have more income into my bank account, those are donations I receive. What I do with that if it is not profit from work?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AmyT
New Member

Do I need to include donations I received?

Amounts given to you that were not in exchange for work done are considered to be gifts, and are not taxable income.  It should not be included on your tax return.

View solution in original post

1 Reply
AmyT
New Member

Do I need to include donations I received?

Amounts given to you that were not in exchange for work done are considered to be gifts, and are not taxable income.  It should not be included on your tax return.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies