I would like some input. Can I include money that is gifted to me (from my parents) on my card applications? This is money that I have been receiving for a year now while I am in college. The amount is almost near my own income , but is under the amount for gift tax exemption for 2018, and I believe would yield me better results if I could include it as income on my applications.
Any input is welcome!
I always put down income that I can verify through paystubs/tax returns.
I have a question just for my own benefit. Could this gifted amount be considered reasonable access to household income? I ask because he/she does have access to it.
If under 21, it could be considered financial support by parents, but that goes out the window once you call it a gift.