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New Member
posted May 22, 2021 6:47:31 PM

If my mother lives with us and financially contributes more than her share of the expenses (because she can afford it), is the surplus contribution "income" or a "gift"?

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Level 5
Nov 3, 2021 1:06:33 PM

Your mother is financially contributing to pay for expenses, this will be considered more of a gift instead of income.                                                    

According to this TurboTax post, your mother can give as much money with not being taxable as income.  

                          

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