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GIFT LETTER RE GIFTED FUNDS GIFT LETTER Date Name (of person gifting funds) Address I/We confirm that I/We are Gifting the sum of To Please confirm your relationship to the recipient I/We confirm that these monies are not repayable and that I/We will haveno recourse to the property I/We confirm that any tax implications (if any) of this gift have been satisfied Signed The person who gives you the funds will be required to provide bank statements in addition to a gift letter to verify were the money originated Gift letter tax implications Under the 14 annual gift tax exclusion law, any individual can gift any other individual $14,000 per year tax free So a married set of parents can each give $14,000 to each to their single child for a total ofBut they also require the borrower to obtain a "gift letter" from the person(s) providing the funds This article provides a basic template for a mortgage down payment gift letter, along with some sample verbiage you can use It also expla...