Thank you John for the answer. What do you mean by lacking element of acceptance? The entire issue is that my friend is buying a house and want me to gift him $13,000.00. He will return this money to me but for returning the money what should we do to avoid tax issues ? By deposit I meant that when he returns my money I will be depositing it to my account. If I deposit that $13,000 and make additional cash deposit during the entire year how will that impact me? Greatly appretiate your assistance.