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    surgimg's Avatar
    surgimg Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 23, 2007, 02:28 PM
    h4 dependent and taxation
    I am an h4 dependent , entered the usa on July 19 2007. If I deposit a demand draft in my name issued by my dad will it be taxed next year?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 27, 2007, 10:50 PM
    No. That money is NOT taxable income.
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