Does the Gofundme funds used for medical bills, needs to be showed in tax filing?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Does the Gofundme funds used for medical bills, needs to be showed in tax filing?

Gofundme funds generated for critical medical treatment of in-law who visited USA on travel visa. And the medical bills were paid of using the funds and balance funds got refunded back to few donors. In such case, the used funds for clearing the medical bills , needs to be shown as income while tax filing ?

1 Reply
Level 9

Does the Gofundme funds used for medical bills, needs to be showed in tax filing?

Because the funds raised were gifts and you used them for the medical expenses, they would not be taxable. The gofundme website has a great answer, see

https://support.gofundme.com/hc/en-us/articles/204295498-Am-I-responsible-for-taxes-US-Only-

If you have any other questions or need clarification, please add to this post.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings