If my dad borrows from bank of $60,000 and gives me the check. I deposit the check into me and my wife's joint bank account. I know my dad can avoid gift tax of $30,000 for married couple. Can we say other $30,000 from my mom? We will write a letter stating this fact and have it notarized!
Also, this will be for 2018 tax return, so the gift tax exclusion is now $15,000 per individual, just to clarify.
