If your family intended it as a gift or a loan, then it makes no difference, it is neither income to you nor reportable by you.
Eric P. Rothenberg, P.C.
ORSI ARONE ROTHENBERG
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Needham, MA 02494-2300
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I agree it is not income to you and you do not have to report the income received as gifts.
Marty Davidoff, email@example.com, 732-274-1600. This answer is provided for general information only. You should seek advice from an attorney or tax professional.