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[quote=Anonymous][quote=Anonymous]I have one parent left, and we both know I do most of the work. The other sibling has zero executive function and has mental health disorders, including paranoia. My parent is willing to pay me for the 50-70 hours of work I've done getting their house ready to sell. I took a lot of time off of work without pay to do this, so I could use the money. I know I would have to pay taxes on the money if they paid me directly. Is there a legal way around this? For example, my parent could pay for a medical procedure I need or something like that? TLDR: How can my parent legally pass me money tax free to pay be back for my time?[/quote] How much money are we talking about? Even at $100/hr, it's $7K. Just have them withdraw the money in cash and hand it over to you. Or send your electronically calling it a gift (as long as it is under $18K).[/quote]
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