Hi, if you don't mind, I have a similar question. I am moving for work, and I was looking to purchase a house. My partner (whom I have been living with for 3 years, and will be moving with me) is interested in buying ownership in the house through the down-payment. They want to purchase $30,000 worth of equity of the house. I am taking a mortgage, solely on my own, and paying the remainder of the down-payment myself, and will own the percentage of the house accordingly. The bank lending me the mortgage wants me to file my partner's portion of the down-payment as a gift. Is this a gift just for purposes of the lender accounting for money towards the house, or is this also a gift in IRS terms? Even though she is buying a percentage of the house and I don't ever really receive or own anything?
Thanks for any help and insight!
