RollTide68
Level 8
03-04-2020
07:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Good article that may give you some insight.
https://www.thebalance.com/do-you-have-to-pay-taxes-on-crowdfunded-money-4773839
TLDR: If the intent was to give the money to the brother (and did) and the money collected was considered gifts from the donors it may not be taxable.
IRS is grey on this area