Regarding my receipt of cash gifts, do I have to pay taxes on cash gifts from my mother? Back in 1978 she gave my wife and I $10K as a gift for a down payment on our first house. During the late 1990’s and early 2000s I went through a couple periods of unemployment and my mother gave cash gifts during those months to help pay our mortgage, meet living expenses, of around $2,500 per month (once for a couple months, then a few years later for five or six months).
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Regarding my receipt of cash gifts, do I have to pay taxes