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In your original post you stated a desire to give $60,000 to your daughter and grandchild. Implicit, but not stated, was that there was a son-in-law in the picture.

Since the rules are that each individual can give up to $10,000 in a year to any other individual without incurring gift tax, you and your wife can make a total of 6 $10,000 gifts, one from each of you to each of the recipients.

There are those who would suggest using 6 separate checks to ensure that the intent to make separate gifts is clear. You also should be aware that you shouldn't give anything else that year (no birthday gifts, etc.) since these gifts will count against the $10,000 annual limit.

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