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Are the funds raised taxable?Updated 5 months ago

A Form 1099 will be issued for any disbursement over $600 during a calendar year. Issuance of a Form 1099 doesn't automatically mean the amount reported on the form is taxable to the person or organization receiving the form.

You may want to consult a trusted tax professional for information and advice regarding how to treat amounts received from fundraising campaigns.

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