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Opening a go fund me for someone outside of the country

Hello and thank you all for any help. Basically want to open a go fund me in the United States for someone outside of the country . The amount we are looking for is 1400 dollars . So since I have to put my bank info and ssn I’m wondering will I have to report this money or do anything at all for this next tax season . I don’t want to have to deal with anything at all regarding this .

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3 Replies
Irene2805
Expert Alumni

Opening a go fund me for someone outside of the country

In general, GoFundMe contributions are considered "personal gifts" and therefore are not taxed as income.

 

For more information, please see Taxes for Organizers on the GoFundMe website.

Opening a go fund me for someone outside of the country

Thank you thank you . So I shouldn’t be receiving any documents or have to report anything to the irs if the amount raised for the person is 1400 dollars 

ToddL99
Expert Alumni

Opening a go fund me for someone outside of the country

You should not be receiving any tax documents from GoFundMe  or have to report the donations on your tax return. 

 

@Irene2805 is correct - GoFundMe contributions are considered "personal gifts" and therefore are not taxed as income.

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