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Get your taxes done using TurboTax
If she returns 20K and paid 50K on her behalf you gave her a 30K gift. You would file a form 709 and mail it to the IRS. There are no bank issues. If the gift came from you and your spouse the gift is within the annual gift giving limit and nothing has to be done.
March 22, 2025
2:05 PM
1,373 Views