hmm, maybe another tax preparer is needed . Don’t think the IRS regs allows one to decide their on set of rules as too what they will comply with. 😎 May not be a problem for you but for your heirs and executor of your estate. And there is the issue that if money is transferred electronically from one bank account to another when you get to the $10,000 range and above banks are required to report that to the feds as it could indicate illegal activities or shady deals. And if It’s done with multiple Transfers, under $10,000 that appear to be trying to escape underneath the $10,000 threshold that,Can raise scrutiny as well. When I get my paperwork back from my nephew, if you’re still unsure, I’ll let you know how it worked out for me, but my situation may be different because I also had the prior gifting to my daughter from previous years
