Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Tax filing (https://www.askmehelpdesk.com/showthread.php?t=318967)

  • Feb 18, 2009, 11:06 AM
    huglw
    Tax filing
    My adult daughter lost her job and I am giving her money to live on until she get another job. Does she have to report the money I give her as unearned income and file a tax return on it?
  • Feb 18, 2009, 11:16 AM
    ebaines

    No - you are simply making a gift to her. No tax consequences to her, and no tax consequences to you either unless you give her more than the annual gift exclusion amount, which is now $13K per year.

  • All times are GMT -7. The time now is 02:44 AM.