Hello, Last November I wired $50k directly to my grown daughter's attorney to help pay a portion of a legal retainer for a personal matter involving my daughter. She advised me yesterday that the lawyer returned $20k of that sum directly to her. My daughter is looking to reimburse me the $20k portion at this time. If she pays me the $20k, will this cause a concern with my bank and in turn, will the payment be reported to the IRS by the bank? If so, how will this play out; how best for me to handle going forward? A few folks had chipped in to help with the retainer, so I guess counsel simply refunded some of the retainer fees paid back directly to my daughter vs specific individuals; I would have preferred the reimbursement come to me directly from the attorney as the paper trail would have been cleaner. Am I over thinking this? Many thanks.
