Any CPAs on the board?

I am receiving a large financial gift, that the giftee is separating into a payment now and a payment after the new year to fall under IRS gift guidelines so that neither side has to declare it.

The portion of the gift that is supposed to be this year hasn’t arrived yet. Assuming it shows up tomorrow and I deposit it in the bank tomorrow (even if it doesn’t clear until next week) will that satisfy the requirements of it being received this year? Or am I going to run into issues?

The date of deposit, assuming you have proof of it (a receipt or equivalent) should be the only date you care about.

That’s what I thought. Here’s hoping the check actually shows up tomorrow.