If you are aware of the gifts, and they have not been received at the time you issue the LE, you include them in the LE Calculation of Cash to Close, included as a negative number in the Adjustments and Other Credits amount. If you are not dealing with a purchase (no seller), you may want to use the regular Calculating Cash to Close table so that the Adjustments and Other Credits line is available. Note that you'll have to use the regular version of the Cash at Closing tab on page 1, and that you will have to use the regular versions of those tables in the Closing Disclosure as well.
If the gifts are received by the borrower prior to closing, they won't factor into the closing disclosure.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8