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    ncc1963
    New Member

    My parents plan to give me a gift of money (fairly large amount) they sold their home and want to help me out. Do I have to claim this money my income taxes?

     
    posted
    ‎October 30, 2019 5:59 AM
    last updated ‎October 30, 2019 5:59 AM
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    1 Reply
    Delphision
    New Member

    My parents plan to give me a gift of money (fairly large amount) they sold their home and want to help me out. Do I have to claim this money my income taxes?

    Gifts are generally not taxable.

    ‎October 30, 2019 5:59 AM
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