<prompt> Human: This is a throw away account.My dad and I were at a bar having a good father and son time and I was just complaining about student loans and how kids are graduating with massive debt. After some drinks in he asked me where I was in my student loans. I told him which he instantly said when we get home I will give you 5,000. I was in shock with this offer!He stuck to his word and helped me out which Im very appreciative of. Now do I need to do anything with taxes? Was this income?Applied to group CI still have a looong way to goEDIT: How it was applied to interest and principal.  <response>: Can I have a beer with your dad one night? Ill pick up the tab and he can have as many drinks as he likes. 