Reporting a non-cash gift given to me

[bwlawson-jr]

I am a hobbyist musician and live in Virginia.  In 2023, a local church asked me to lead their music on occassion.  They paid me, usually around $200 each time.  After leading several times, they gave me a guitar as a gift.  Someone had donated the guitar to the church several years ago.  The guitar was just sitting around for years, no longer in use.  The guitar is worth $800-$900.  How should I report this in TurboTax?

[Bsch4477 · Accepted solution]

Gifts are not taxed as long as it was truly a gift and not compensation for work that you did.