Nice website. I tried searching but couldn't find a great example of my question. I have lent my mother $60k over the past year to improve her home. She has decided to sell the home and plans to repay after closing. We have documented promissory notes and receipts that I loaned her money. However,I paid for cabinets, flooring with credit cards to take advantage of points/airline miles so there wasn?t a true transfer transaction. Will the notes be satisfactory to the IRS for her repayment? She plans to repay in whole at once. Or can she just file a Form 709 as a gift since it?s over 14k annual limit? Please confirm that there will be no tax implications for either of us if she gifts the money back all at once as long as she files a Form 709.