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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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.

View solution in original post

1 Reply

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.

Still have questions?