I only was able to show a very small amount of income this year I got severely hurt at work and I have a friend whom I be known 30 years whfh
My income was 242$ so since I lived and provided for two kids and two other adults shud I list money that was given to me from a friend that well exceeds 16,000 and how do I do that or shud I say anything
01292
1 Replies
xmasbaby0
Level 15
Apr 11, 2025 3:40:40 AM
Money that was given to you as a gift is not taxable and does not get entered on a tax return. It is also not deductible for the person who gave it to you. If you had no taxable income then you do not need to file a tax return unless you have a 1095A for marketplace health insurance.