Keep records and review IRS guidance because proceeds are not all treated the same.
Program rules, amounts, and dates can change. Check the linked official sources for the current cycle.
Tax treatment depends on the facts
Some crowdfunding receipts may be gifts, while other proceeds may be taxable depending on why money was transferred and what contributors received.
Keep campaign records
Save platform statements, contribution details, receipts, transfer records, and notes explaining how funds were used. A tax form by itself does not determine taxability.
Get tax help when needed
Review current IRS guidance and ask a tax professional about your facts, especially if the campaign involved goods, services, business activity, or substantial funds.