Do I need to report the contributions to my DreamBank Dream as taxable income on my Income Tax Return?
In the US and Canada, money received by way of gift from DreamBank will not be taxable income in the hands of the Dreamer. Certain conditions may apply for large contributions in the US ($12,000+). For full information on all tax questions, please visit the Internal Revenue Service at http://www.irs.gov or the Canada Revenue Agency at http://www.cra-arc.gc.ca. For countries outside of the US and Canada please refer to your governing tax body.
