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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?

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

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

Published June 2, 2026 · Category: Finance

Overview

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

Source

Originally published at www.marketwatch.com.

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