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Is it possible to gift $56k from one family (of 2) to another family (of 2) so that we can write 1 check from joint account and they can deposit into their joint account.
my close friend requested to loan $50k for 6 months for homebuying and i dont want to charge interest and avoid IRS hassle..is it possible to gift $56k from one family (of 2) to another family (of 2) so that we can write 1 check from joint account and they can deposit into their joint account.
‎June 7, 2019
3:10 PM