If kids take care of elderly mother in their home, and elderly mother "gifts" them cash, no court in the land is going to call that taxable income for services. Do you file a tax return for your kids when you give them an allowance for doing the dishes and cleaning their room?
It’s done all the time. It is expected that family should take care of family. It’s also expected that family members freely and often "gift" each other money for any reason whatsoever without IRS sticking their nose into it.
It’s done all the time. It is expected that family should take care of family. It’s also expected that family members freely and often "gift" each other money for any reason whatsoever without IRS sticking their nose into it.
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