Nope

No.

Much shorter answer than me - I like it.  I hate when I get carried away with getting too wordy.

I didn't have enough time for a long reply like yours.

👍

Not income for them, not a deduction for parent.

There are seven ways of receiving money, and not all of them are taxable income.

1) Earning it.

2) Finding it.

3) Investing it.

4) Borrowing it.

5) Inheriting it.

6) Receiving a gift.

7)  Stealing it.

Guess which ones are taxable income.

Is it Earning finding investing stealing (lol) and inheriting? 

I'm a dummy. Earning, Finding, Investing, Receiving a gift (in some cases) and Stealing it?

You left out cryptocurrency mining.