Unlike gifts, loans do not utilize any of your lifetime gift tax exemption, which currently stands at a record-high $11.58 million per person (indexed for inflation). While intra-family loans are ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...

"The giver of the loan forgiveness may need to file a gift tax return if their gifts to this individual are greater than the gift tax reporting threshold during the given year," says Leah Diehl ...