<prompt> Human: PF, We 24FM recently got married, had a fairly big reception around 150 couples and we received 75k cash as gifts. Most of this money is checks or actual bills. We haven deposited any of it as were trying to figure out how to best use it. We want to buy a home in the near future but because we are both newly self employed running our own business since Jan 2018, we have to wait until we can qualify for a mortgage. Thus, we thought of putting this money aside for the down payment on the house. Is that a good idea? Should we do something else? FYI, we have good enough income to not need to touch this money. No debt or loans to pay off. We currently rent. Also, does anyone know how to report this amount on our taxes? Does it qualify as gift? Thank you! Assistant: Goodness. Was this a mafia wedding?Human: 75K 150 couples 500 couple. Thats more than what most of my friends have in their bank accounts and Im only 3 years younger than OP.Assistant: Well, how much do people normally make at their wedding? I honestly dont know as Ive only attended two weddings before with my parents when I was a teenager.  <response>: Definitely not 75k. Aside from all the normal wedding gifts, blankets, utensils, Tupperware etc, I bet my wife and I got around 2k cash. Didnt 150 people probably closer to half that. 