1. Can we draw the gifts from the same joint bank account? You can.
2. Can we write one check to her or would two check be better? Two would be better... one from each of you.
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. There are never any tax implications to the person getting the gift.
