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(Disclaimer: not tax advice. If you get one from randos on the internet, it’s your own fault). In the US, gifts may be due taxes by the giver, not the recipien
by snotrockets 2y ago
(Disclaimer: not tax advice. If you get one from randos on the internet, it’s your own fault).
In the US, gifts may be due taxes by the giver, not the recipient.
In the above case, the question was if it was a gift (and not needed to be paid taxes for by the recipients), or payment for work (which is taxed)