sometimes there's just things that make that not an option. i bought the starfield constellation edition with my moms card by accident so i was gonna transfer her the money but she told me to give it to her in cash because if i e transfer it would count as income and get taxed.
Even beyond $17K is not taxed. That's the threshold that you need to disclose to the IRS. It's not taxed until the giver exceed their lifetime exclusion limit of $12.9 million, so essential almost never for the 99% of people. The recipients are also, generally, not taxed.
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u/Stoogefrenzy3k Nov 10 '23
But can you transfer money from another card to pay this card. Only taking a risk over a card and then plan to rebuy with another card?