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nacho6
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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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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?

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


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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?

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