@AndrewA87 wrote:
The $16,000 was a gift to my son to purchase the home.
Was it actually a gift or a loan?
You do not have to report gifts of a present interest that are $16,000 or less for the 2022 tax year ($17,000 or less for 2023).
See https://www.irs.gov/instructions/i709#en_US_2022_publink16784xd0e649
