how to report gifts


(fredericksburg, va)

For a minister - how are gifts reported on 1099? how are gifts reported on W-2?

Comments for how to report gifts

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Reporting Gifts
by: Anonymous

What about if the gift is an item such as books?

Gifts to Ministers
by: Anonymous in NC

If this is in reference to cash gifts and if the minister is employed by a church or some organization then the amount is added to the W-2 form in Box 1 with other compensation. If this is in reference to a self-employed minister, then the amount is add to the compensation reported on the 1099 form if it is equal to or over $600.

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