I lend my daughter 200K to open a bank checking & saving account for promotion bonus, she need to put the money in the account for 3 to 4 months. In return, she will get $1500 bonus from checking. She also will get 5% interest of 200K in saving. She will get a 1099 for the $1500 bonus as well as the 5% interest from her 200K savings, and she will keep the bonus and interest and return the money back to me. I will get a $500 referal bonus which a 1099 will address to me. Since, she will give me back 200K after 3 or 4 months, do I have to file the Form 709? And, does she also has to file Form 709 when she give the money back to me?
