My daughter was in an accident and a go fund me account was started for her last year. Does she have to claim the money from the go fund me account as income?
the amount that was raised was $6,248 of which she received $5,724.53
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1 Best answer
MaryK1
Level 9
Jun 4, 2019 9:45:38 PM
No, if she received the money as gifts and used the money for her medical and/or living expenses. It would be taxable if she exchanged something (other than good acts or gratitude)- like services or goods
1 Replies
MaryK1
Level 9
Jun 4, 2019 9:45:38 PM
No, if she received the money as gifts and used the money for her medical and/or living expenses. It would be taxable if she exchanged something (other than good acts or gratitude)- like services or goods