How do I approve this is cash gift to IRS that this not income, this is gift.
You'll need to sign in or create an account to connect with an expert.
No, gifts are not taxable to the recipient and do not have to be reported on your tax return.
No, gifts are not taxable to the recipient and do not have to be reported on your tax return.
You can record it as nontaxable income in the Sales Tax deduction section if you itemize.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lauracrisp87
New Member
piano0819
New Member
ourowntaxprepsvs
New Member
robynjonh
Level 3
Casstatum93
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.