Taxes on Money provided by a Family Member

Discussion in 'Politics, Religion, Social Issues' started by IGregory, Sep 30, 2013.

  1. macrumors 6502a

    IGregory

    Joined:
    Aug 5, 2012
    #1
    Is anyone familiar with an IRS rule that requires any income above $9,999 (or some other amount) must be reported?

    The situation is this - a dad during the course of a calendar year gives his adult daughter $10,000. Is that amount taxable for the daughter where she received it from her father?

    I've heard different opinions. Note this is a US question.

    Thanks
     
  2. macrumors 65816

    citizenzen

    Joined:
    Mar 22, 2010
    #2
    This from the people who do my taxes ...

     
  3. thread starter macrumors 6502a

    IGregory

    Joined:
    Aug 5, 2012
    #3
    Thanks very much citizenzen.
     

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