denmarc
Well-known member
Heard on the radio that these accounts are taxable by the IRS and held accountable to the recipient of the funds. Upon some research and what little I know about the tax code, I find that unless the money received exceeds $20K and/or over 200 donations, no 1099 is filed by GoFundMe. Am I correct?
Reason I ask is a friend of ours husband was killed in MO over the weekend in a car accident. An account was started to help with funeral expenses.
Reason I ask is a friend of ours husband was killed in MO over the weekend in a car accident. An account was started to help with funeral expenses.