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My 86 yr old husband had many medical expenses in 2018; my business produced no revenue. Our son contributed $9,000 to our expenses. Will we need to pay tax on that?

 
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My 86 yr old husband had many medical expenses in 2018; my business produced no revenue. Our son contributed $9,000 to our expenses. Will we need to pay tax on that?

No, you will not need to pay taxes on the $9,000 for medical expenses. It is a gift which is not taxable. 

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My 86 yr old husband had many medical expenses in 2018; my business produced no revenue. Our son contributed $9,000 to our expenses. Will we need to pay tax on that?

No, you will not need to pay taxes on the $9,000 for medical expenses. It is a gift which is not taxable. 

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

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