<prompt> Human: My friend here in Florida has no bank account. Occasionally I help him send money to his son in California. He gives me cash, which I deposit or spend, and I transfer from my bank account to his sons bank account. Usually about 500 to 1k per month. His parents are more or less settling into retirement now and he wants to pay them back about 18k which he says he has owed them for about 15 years now. I personally know all parties involved. Do I have to report the 18k on my taxes as an income and a loss so Im not taxed on it? I always use Turbo Tax and Ive never seen options for transferring money through an account for someone else.  <response>: No. You dont need to report it or get taxed on it. Its not income. 