PaulaM
Employee Tax Expert

Get your taxes done using TurboTax

Yes, that is how I understand it. Your gift is her 1/3 share of the down payment, plus her 1/3 share of the mortgage payments (principal and interest portion). 

 

You haven't gifted her 1/3 of the mortgage amount yet because that amount hasn't been paid yet. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"