In February my parents gave me $25,000 of their savings account to play with. I put the money in my bank account, then I transfered it into my own individual trading account at TDAmeritrade. Profit: I've made 6k. Current account at $31+ (((((I am currently listed as a dependent under them.)))))) Not sure if this matters? Money from a savings account. Age 60-61 (23 Me). Family income 60k. Are we going to get hit with gift tax? Should I return the money before Dec 31? Could we just call it an interest free loan, so that there was no gift involved? What other taxes, might we have to worry about? How should we do this next year, Jan 1st.