I was given $200,000 by a non US person who is a distant family member to work on art or program for the next two years. There is no catch other than if I make something profitable we split the rewards to be defined later.
Is this a gift? Do I need to be self employed? There is no contract and I'm under no obligation to do anything.
Thanks
p.s. I have the money and have for months now, I just want to know what to do with the IRS if anything.
Submitted July 30, 2018 at 02:11AM by jay45678 https://ift.tt/2LxT1is
