Give $$$ to Brother to lower EFC

yonessdog
Sun, 06 Mar 2011 14:20:11 +0000

does anyone have any irs documentation on @vballmom distinction between a ‘loan’ and a ‘gift’.

that is, if i transfer $12k to my brother this year as a ‘gift’, couldn’t my brother transfer $12k to me (next tax year) as a ‘gift’ ?