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by hobbyjogger
2906 days ago
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None of those are donations, nor are they anywhere near being tax deductible. Again, you're focused on a totally different issue. There's nothing wrong with splitting costs or reimbursing a friend who bought you something. Splitting rent or cab fare, etc. is fine, but that certainly doesn't mean a H.S. kid can receive $50k in "donations" in his/her personal bank account without worrying about the tax implications. That's the issue the OP is trying to address. |
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