<prompt> Human: I split with my ex recently and as part of our agreement, I would keep the house instead of selling, and give her 50k. The house was in both our names even though we were never married. The title has since been transferred to my name only as she never actually contributed anything financially. Never claimed it on taxes and never paid the mortgage. I took out a second in my name only, and plan on paying her with the money from the loan. Im planning on completing a wire transfer into her account in a week or so. Is she obligated to report that 50k to the IRS?  <response>: No, its a gift. Why are you gifting your ex 50,000? 