asked

I received about $8k from people through Western Union and Venmo, with no discernible reason other than as gifts. I am unsure how to treat this money tax-wise, especially since I lack documentation from Western Union. I am 28 years old, have no dependents, and my gross income from jobs this year was about $29k. How should I report this income to avoid potential IRS audits?

October 20th, 2024

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