abctx007
New Member

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.