turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

chervig
New Member

I received a cash gift from my parents. Is this taxable income?

My parents live in the US & I am not a dependent
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I received a cash gift from my parents. Is this taxable income?

A gift received from an individual is not reported on a tax return, regardless of the amount received.

View solution in original post

1 Reply

I received a cash gift from my parents. Is this taxable income?

A gift received from an individual is not reported on a tax return, regardless of the amount received.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies