@rjs
Sorry, I have further questions. I hope it won't bother you.
Let me restate in this way.
My husband and I want to give out total $20,000 to my daughter let her buy her car. We want to do it correctly. We do not want to file gift tax return. We do not want to write checks.
My daughter has a joint account with me, let's say account A.
I have my own account, let's say account B
I have joint account with my husband, Let's say account C.
Now my husband transfers $10,000 from account C as his gift to my daugher to account A.
I transfer $10, 000 as my gift from either account B or account C to my daughter to account A.
After account A receive these two deposit, as joint owner of account A, my daughter can get a cashier check from the bank to buy her car.
Will this fine or will cause any trouble?
My daughter does not have her solely owned checking account yet and I do not want to mail out a fat check if I do n't have to do that.
This is the reason why I want to know whether the above way works
Thanks
