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Gift from parents in the US

sleepspace9

Member
Jul 24, 2019
17
1
I live in the US. My parents want to give me a gift in cash of $1,000 USD, which I will deposit to my savings account. I want to make sure we have documentation that this cash deposit was a gift and not a loan. I have seen a lot of talk about "gift deeds" in these forums, but these are very uncommon in the US unless a real estate property is involved. So, I wanted to ask - what kind of document do I need to prepare and get signed by my parents, given that we are in the US? And should we get it notarized?
Thanks in advance!
 

lampbreaker

Champion Member
Apr 7, 2015
1,734
378
1000 is small enough that nothing may be needed. Is it required to meet the necessary funds? Can you meet the fund requirement without this 1000?
 

sleepspace9

Member
Jul 24, 2019
17
1
1000 is small enough that nothing may be needed. Is it required to meet the necessary funds? Can you meet the fund requirement without this 1000?
There is a chance that I might need the $1,000 to meet the fund requirement, so I want to play it safe.