6 ms·
A gift is just that, a gift. The party giving the gift isn't expecting anything in return. In the streaming example, you're providing entertainment for "gifts".
by andy9775 6y ago
A gift is just that, a gift. The party giving the gift isn't expecting anything in return. In the streaming example, you're providing entertainment for "gifts". That's an exchange of goods/services for monetary gain and hence taxable.
Obligatory: not an accountant/lawyer