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alewis22
New Member

Could I claim financial support given to a friend in another country on my taxes

Could I claim financial support given to a friend in another country on my taxes
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2 Replies

Could I claim financial support given to a friend in another country on my taxes

No, this is a gift and not deductible on your tax return.

Could I claim financial support given to a friend in another country on my taxes

You cannot claim a friend in another country as a dependent.

 

Money that you receive as a gift is not taxable income to you, and you do not need to report it on your income tax return.  Money that you gave as a gift to someone else is not deductible for your taxes.

 

Turbo Tax does not support the gift tax form 709, but here is a link:

https://www.irs.gov/pub/irs-pdf/f709.pdf

 

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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