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bergerman20
Returning Member

Long Time TurboTax user but new situation. Need advice.

I was a missionary in 2019 with no W-2s or 1099s. I received gifts from family and friends for my trip totaling @ $10,000.  I am also under the ACA. I want to know which TurboTax premium service to use to get help to do my taxes. I need help reporting (if I even have to) my gifts, filing the 1095. I am super uninitiated in this process.

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Anonymous
Not applicable

Long Time TurboTax user but new situation. Need advice.

if they were truly gifts, they are not taxable and hence not reported on your tax return. 

when doing your return make sure you answer the question about form 1095-A yes.   first, you must indicate you had medical expenses.  then after you go through a series of screens there will be the question. health insurance/aca/1095-A answer yes at this point

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2 Replies
Anonymous
Not applicable

Long Time TurboTax user but new situation. Need advice.

if they were truly gifts, they are not taxable and hence not reported on your tax return. 

when doing your return make sure you answer the question about form 1095-A yes.   first, you must indicate you had medical expenses.  then after you go through a series of screens there will be the question. health insurance/aca/1095-A answer yes at this point

bergerman20
Returning Member

Long Time TurboTax user but new situation. Need advice.

One question I had...the gifts were through an online giving platform that made me register with my social as a sole proprietor. So I am not sure how that gets reported. All donations through were were fully gifts to me from family and friends.

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