Your gift letter has to be backed up with paperwork. You can use gifted funds to make a down payment, but your mortgage lender will want to know some details before they allow you to use it.Download our most commonly requested forms. The letter should state that the gift is intended to help the borrower make a down payment and that the donor has no expectation of repayment. (b) The Inventory of Assets form shall be filed with the court within nine months of the date letters issued to the fiduciary or as the court otherwise directs. These are electronic federal tax forms, equivalent to a paper 1040 and are designed for taxpayers who are comfortable filling out IRS tax forms. How to fill in the forms. As the law library is the only academic law library in Nassau County, the library serves the general legal community as well as the Hofstra Law community.