2 ms·
Why would you report income on my tax free gift? Unless someone is giving you more than $7k per year, there’s no quid pro quo here, no contract, no barter, no
by zaroth 9y ago
Why would you report income on my tax free gift?
Unless someone is giving you more than $7k per year, there’s no quid pro quo here, no contract, no barter, no exchange of goods.
Can’t see how this isn’t a tax free gift, but IANAL.
- ISL 9y agoWhere is the line between payment and gift, especially if it is in partial exchange for a good/service?