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My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?

Economy MarketWatch By Quentin Fottrell 02 Jun 2026 10:15 1 min read
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.”

“I’m confident that I will never exceed the lifetime gift-tax exemption.”

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