Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I was wondering...does she have to pay any taxes on the money that has been donated to her?

There's an interesting ongoing discussion of this very issue on misc.taxes.moderated, which you can access through Google groups if your ISP doesn't have a Usenet feed. I've pretty well settled into the "these are gifts" camp, and as we all know, gifts aren't taxable income to the recipient.

But what if they aren't considered gifts? And what determines whether they are? Well, it's our old friend facts and circumstances. (Yeah, there's a Supreme Court case for that.)

Rule Your Retirement Home Fool
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.