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posted Mar 29, 2021 1:58:03 PM

I did a fundraiser last year to help my son with his Cancer Medical expenses, how do I file these, I collected it then paid it out to him?

Facebook fundraiser 8175.00 raised and then paid out to my son for his medical expenses, who should file this as income?

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1 Replies
Expert Alumni
Mar 29, 2021 2:11:28 PM

In general, if you collected funds for his medical care, the income would be considered gifts from the individuals who donated so you would not have to report or pay income tax- as long as there was no quid pro quo (exchange of goods or services).