Posted on 12/05/2016 12:40:01 PM PST by 198ml
One Kansas City Royals fan feels like she is being punished for the good deed of others.
Joyce Jeter has a debilitating medical condition, causing her to rely on Social Security as her only source of income. Royals fans rallied around her to raise money to send her to a game at Kauffman Stadium, but now that gift is leaving her financial future in jeopardy.
Joyce told Fox4KC she feels like she's being robbed all because she accepted a gift.
No, if the money/ticket was given as a gift, which in this case it was, then it is a gift, and is not taxable under IRS rules. The only thing addressed in your link would be prizes/awards, and that's for entering contests (something for something). This was purely a gift.
If the value of the gift exceeds a certain amount from any one donor, then the donor would be responsible for paying a gift tax, but the recipient would not.
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