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) $ 66,945.00 3.00%

Ethereum (ETH) $ 1,872.68 5.13%

Tether (USDT) $ 0.99859 0.00%

BNB (BNB) $ 635.13 5.94%

Solana (SOL) $ 74.94 4.95%

XRP (XRP) $ 1.23 2.39%

USDC (USDC) $ 0.999622 0.01%

TRON (TRX) $ 0.331978 2.33%

Polkadot (DOT) $ 1.12 1.97%

Dogecoin (DOGE) $ 0.093927 4.75%

Avalanche (AVAX) $ 8.28 4.71%

Cardano (ADA) $ 0.215298 3.38%

Shiba Inu (SHIB) $ 0.000005 2.49%

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

the-open-network

Toncoin (TON) $ 2.00 0.91%

Chainlink (LINK) $ 8.50 3.69%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 76,243.00 3.12%

Uniswap (UNI) $ 2.90 0.33%

Bitcoin Cash (BCH) $ 248.83 12.53%

NEAR Protocol (NEAR) $ 2.97 9.42%

Litecoin (LTC) $ 48.11 2.55%

internet-computer

Internet Computer (ICP) $ 3.05 0.13%

Aptos (APT) $ 0.851511 6.36%

LEO Token (LEO) $ 10.08 0.29%

Filecoin (FIL) $ 0.955227 1.61%

Dai (DAI) $ 0.999516 0.00%

Stacks (STX) $ 0.220607 2.51%

Cosmos Hub (ATOM) $ 1.90 0.91%

Arbitrum (ARB) $ 0.095949 2.29%

Ethereum Classic (ETC) $ 7.87 1.13%

Render (RENDER) $ 2.23 0.60%

Immutable (IMX) $ 0.155219 1.92%

Bittensor (TAO) $ 229.08 8.00%

Stellar (XLM) $ 0.230271 0.56%

hedera-hashgraph

Hedera (HBAR) $ 0.087426 3.01%

crypto-com-chain

Cronos (CRO) $ 0.06333 2.04%

The Graph (GRT) $ 0.023955 3.36%

OKB (OKB) $ 83.77 2.72%

Optimism (OP) $ 0.127202 2.23%

Kaspa (KAS) $ 0.031042 4.15%

injective-protocol

Injective (INJ) $ 6.72 5.52%

Pepe (PEPE) $ 0.000003 3.39%