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Lobby General Discussion topic #13042958

Subject: "gofundme and the like" Previous topic | Next topic
tariqhu
Charter member
17880 posts 		Mon Jul-11-16 07:34 PM

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"gofundme and the like"


          

how does this work from tax standpoint? I assume its counted as income for the recipients.

for the shooting victims, who gets that money and what will it be used for? burial costs and lawyer fees?

hopefully, those families will have good advisors. I'd hate for them to be taken advantage of while already dealing with losing a family member.

Y'all buy those labels, I was born supreme

  
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Topic Outline
Subject Author Message Date ID
Ya'll tax windfall gains like that? Sucks. Tax free here. Same with lott...
Jul 11th 2016
1
yeah, I'd be surprised if it didn't get taxed.
Jul 11th 2016
2

Ted Gee Seal
Member since Apr 18th 2007
10091 posts 		Mon Jul-11-16 07:51 PM

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1. "Ya'll tax windfall gains like that? Sucks. Tax free here. Same with lott..."
In response to Reply # 0

  

          

>how does this work from tax standpoint? I assume its counted
>as income for the recipients.
>
>for the shooting victims, who gets that money and what will it
>be used for? burial costs and lawyer fees?
>
>hopefully, those families will have good advisors. I'd hate
>for them to be taken advantage of while already dealing with
>losing a family member.

Just IMO though.

  
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tariqhu
Charter member
17880 posts 		Mon Jul-11-16 08:38 PM

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2. "yeah, I'd be surprised if it didn't get taxed."
In response to Reply # 1

          

we pretty much tax everything that's trackable. that's why so many folks don't report everything to the feds.

Y'all buy those labels, I was born supreme

  
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