If our children give us a portion of their monthly income do we need to claim it as income or is it considered a gift?

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1 Best answer

Moderator

Oct 30, 2019 10:34:58 AM

Unless you employed by your children, the amounts they give you would most likely be considered as a gift.

Moderator

Oct 30, 2019 10:34:58 AM

Unless you employed by your children, the amounts they give you would most likely be considered as a gift.