Business
Tax Questions Arise Over Family Gift for Son’s Down Payment
A family is considering giving their son $20,000 toward a down payment on a home. They are unsure if they need to report this gift to the IRS and are seeking advice.
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MarketWatch
My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?
“I’m confident that I will never exceed the lifetime gift-tax exemption.”
2026-06-02 10:15 UTC