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ann-frazier
New Member

I received $10,000 as a gift from my uncle how do I report it? That is the only income I have.

The only income I have is a gift of $10,000 from my uncle, how do I report it and do I have to file a 1040? 

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Accepted Solutions
jerry2000
Alumni

I received $10,000 as a gift from my uncle how do I report it? That is the only income I have.

You do not report a gift received. It is not reportable or taxable.

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1 Reply
jerry2000
Alumni

I received $10,000 as a gift from my uncle how do I report it? That is the only income I have.

You do not report a gift received. It is not reportable or taxable.
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