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

posted

Connect with an expert

1 Best answer

Accepted Solutions

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?

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

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?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

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?

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?

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?

Get more help

Do you have a TurboTax Online account?

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?

Do you have an Intuit account?

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?

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?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert