My husband and I have joint checking accounts. We would like to gift our Niece the maximum of $15,000 from each of us for a total of $30,000. Questions:
1. Can we draw the gifts from the same joint bank account?
2. Can we write one check to her or would two check be better?
3. We will be drawing the funds from our IRA, so we will pay the federal and state taxes on them on our end. Will our Niece have to pay any tax or even declare the gifts on her federal or state tax forms (we both live in CA)? We do not want there to be any tax implication for her.
Thank you for your help.
