@jmpeacock-sbcglo Agreeing with my colleagues ( @xmasbaby0 and @Mike9241 ) in general and in abstract, and looking at the actual amounts that you are proposing to lend to another & related family member I think this is correct but too much about nothing.
(a) by cross gifting ( i.e. A gives a gift of $XX,XXX to B and then B returns the favor by gifting the same amount to A at a later date) an audit happens for some reason will definitely raise questions as to why someone would go to all that trouble --- I am assuming here the actual gift amount is $20,000
(b) by lending monies ( again the same 20,000) to someone even at arms length and for a period of say three months , really is a gift of the interest that could have been earned in those three months. If I assume a 4.5% , then the actual amount of the gift is roughly $225 ( 0.01 X 20,000 = 225 , where .01 is the rough & allocated interest rate for 3 months and the principle is 20,000 ). This is amount of interest income being gifted -- far below the $18,000 per year , per donor, per recipient amount for 2024.
Therefore I suggest the KISS principle here.
Does this make sense or am I in the wide left field ?
