Education for a friend

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  • phillip240
    Junior Member
    • Feb 2015
    • 4
    #1

    Education for a friend

    Is there a way for friends to contribute to a son of another family to pay for flying school. I don't see any tax benefits but I am wondering if I am missing something. What can be set up by the receiver to accept the funds without income?
    Tags: None
    • Roland Slugg
      Senior Member
      • Aug 2006
      • 1860
      #2
      Gifts are never taxable to the recipient.
      Roland Slugg
      "I do what I can."

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        • Burke
          Senior Member
          • Jan 2008
          • 7068
          #3
          Nor deductible by the giver.

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