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GoFundMe donation/gift tax question

Gh256 · 2019-08-08 16:26:39

Hello. I thought I posted this but it doesn’t seem to be there. I wanted to ask what the tax implications of gofundme donations are if any. Do you pay tax on what you receive as these are gifts from people? I have one set up because of heart condition have and I didn’t want to get help and then end up with a large bill I…

Comments

tebthereb Posts: 162 Forumite

12 August 2019 at 5:39AM

If I were to ask someone for cash and they were not contractually obliged to give it, but gave it anyway, wouldn’t that also meet the definition of “voluntary”?

Or does the act of the donee asking for funds prior to the gift have some basis in law or guidance for being a determining factor on the tax treatment?

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