Comments on: It Was Christmas Morning. They Didn’t Know Their House Was Burning Above Them.

By: Ensley CPA

Ensley CPA — Sat, 07 Jan 2023 01:05:55 +0000

Go Fund Me is considered gifts. Therefore Not taxable.

By: Linda Williams

Linda Williams — Fri, 06 Jan 2023 14:54:07 +0000

I have place to stay if you are still looking. We have extra bedrooms and a large home

By: Crowdsourcing is complicated

Crowdsourcing is complicated — Thu, 05 Jan 2023 20:28:13 +0000

It’s complicated. This is from the IRS website: https://www.irs.gov/newsroom/money-received-through-crowdfunding-may-be-taxable-taxpayers-should-understand-their-obligations-and-the-benefits-of-good-recordkeeping

By: Josh Jones

Josh Jones — Thu, 05 Jan 2023 17:35:05 +0000

@Curiosity

Yes, the IRS considers income as taxable, from whatever source derived.

By: Curiosity

Curiosity — Thu, 05 Jan 2023 15:17:21 +0000

Do people that get money through go fund me have to declare that as income for tax purposes?
I guess insurance doesn’t pay for temporary lodging due to home damages like car insurance when you’re able to get a rental car.