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

Bitcoin (BTC) $ 63,975.00 0.40%

Ethereum (ETH) $ 1,868.82 0.20%

Tether (USDT) $ 0.99924 0.00%

BNB (BNB) $ 592.71 0.60%

Solana (SOL) $ 73.79 0.40%

XRP (XRP) $ 1.08 0.30%

USDC (USDC) $ 0.999629 0.00%

TRON (TRX) $ 0.330192 0.00%

Polkadot (DOT) $ 0.842236 1.20%

Dogecoin (DOGE) $ 0.070206 0.20%

Avalanche (AVAX) $ 6.71 3.30%

Cardano (ADA) $ 0.192888 1.50%

Shiba Inu (SHIB) $ 0.000005 3.00%

Lido Staked Ether (STETH) $ 2,265.05 3.46%

the-open-network

Gram (prev. Toncoin) (GRAM) $ 1.38 1.20%

Chainlink (LINK) $ 8.17 1.20%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 76,243.00 3.12%

Uniswap (UNI) $ 3.83 4.60%

Bitcoin Cash (BCH) $ 212.96 1.50%

NEAR Protocol (NEAR) $ 1.72 0.80%

Litecoin (LTC) $ 44.46 0.00%

internet-computer

Internet Computer (ICP) $ 2.09 0.30%

Aptos (APT) $ 0.578495 1.20%

LEO Token (LEO) $ 9.75 0.00%

Filecoin (FIL) $ 0.714755 1.50%

Dai (DAI) $ 1.00 0.00%

Stacks (STX) $ 0.135019 2.20%

Cosmos Hub (ATOM) $ 1.36 3.40%

Arbitrum (ARB) $ 0.081438 0.50%

Ethereum Classic (ETC) $ 6.59 0.70%

Render (RENDER) $ 1.34 1.90%

Immutable (IMX) $ 0.110157 2.90%

Bittensor (TAO) $ 191.11 1.40%

Stellar (XLM) $ 0.168858 1.50%

hedera-hashgraph

Hedera (HBAR) $ 0.069799 0.10%

crypto-com-chain

Cronos (CRO) $ 0.054309 0.60%

The Graph (GRT) $ 0.014669 0.40%

OKB (OKB) $ 86.69 0.80%

Optimism (OP) $ 0.088101 0.90%

Kaspa (KAS) $ 0.02678 1.50%

injective-protocol

Injective (INJ) $ 4.88 0.80%

Pepe (PEPE) $ 0.000003 0.10%