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.

kiddokidd
New Member

Does the money my parents give me count as unearned income?

so does the money my parents transfer to my bank account count as unearned income? im 14 by the way

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

Does the money my parents give me count as unearned income?

No. It's a gift, which is not taxable.

View solution in original post

1 Reply

Does the money my parents give me count as unearned income?

No. It's a gift, which is not taxable.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question