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Go Fund Me Accounts taxable or not????

clr600
Level 8
 
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George4Tacks
Level 15
5 Comments 5
George4Tacks
Level 15
TaxGuyBill
Level 15
In other words, it depends on why people are donating.  Are the payers receiving anything in exchange for the payment?
George4Tacks
Level 15
Yeap! Like so many things, facts and circumstances. @clr600 knows all about those for his/her client.

Here's wishing you many Happy Returns
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clr600
Level 8
Thanks
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nolanm
Level 4

I think I see the answer in this thread. Just to confirm:

Woman (my client) husband passes in 2020. A gofundme is set up to help her financially, nothing is received by the gofundme donars in return for their donations" to my client. The gofundme receipts are not taxable as income to my client correct?

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