My parents have graciously offered to pay off the balance ($100K) of my mortgage, do either of us have to report that on our tax returns?

[Anonymous_]

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@shzh6688 wrote:

Will this guy or his parents have to pay tax if his parents help him to pay $1million for his mortgage?

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No.

The recipient of the gift (the "guy", aka the donee) would not pay tax as a result of receiving the gift.

The giver (the parents, aka the donors) would not pay tax as a result of giving the gift unless the value of the gift exceeded their lifetime exemption.

The giver (aka