If my wife & I give our adult son a $10,000 gift does he need to declare it as taxable income?

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If my wife & I give our adult son a $10,000 gift does he need to declare it as taxable income?

Gifts received from an individual are not reported on a tax return, regardless of the amount received.

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If my wife & I give our adult son a $10,000 gift does he need to declare it as taxable income?

Gifts received from an individual are not reported on a tax return, regardless of the amount received.

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