Posted on: 04th Sep, 2009 04:06 pm
My boyfriend gifted me $3000 to go towards closing costs of a home I am buying. The money was part of his student loan. He filled out a gift letter stating that I do not have to pay him back. He will be living with me so the $3000 could be looked at as his living expense. Is it a problem that the money he gifted me was a loan on his part?
No, this is not a problem. Legally it does not HAVE TO be repaid but if it is...no big deal
so....legally i don't have to repay but he will have to repay his loan...and this should not be a problem?
no there will not be any problem. he has already given you gift certificate.