Feb 18, 2025 · Hi All, confused by form 709 re gifting my son on excess of $18,000 gift in 2024. Form 709 asks in part ll tax computation section 1. enter the amount from schedule A , Part 4 , line 11. But …

Jan 27, 2025 · 2024 Form 709, Instructions for Part 2, line 7 I am trying to determine where the dollar amount of $5,389,800 comes from in the instructions for Line 7 of Part II of Form 709. Thanks in …

Feb 7, 2024 · @Barrygbg1 The Form 709 cannot be e-filed nor can it be mailed to the same address as a federal tax return. As stated in the Form 709 instructions - Where To File File Form 709 at the …

Hi All, confused by form 709 re gifting my son on excess of $18,000 gift in 2024. Form 709 asks in part ll tax computation section 1. enter the amount from schedule A , Part 4 , line 11. But that section is for …

Jan 13, 2019 · Form 709 instructions provided no additional useful information. Should I report Full Basis for the home, some kind of proportion basis based on amount of the gift, or do I just report the …

Jan 19, 2025 · Form 709 for 2024... Instructions for Form 709 are poorly written. Cutting to the basic question: Does the input for Schedule B, Column C come from the Worksheet, Column N? Instructions …

Mar 6, 2025 · If your gift exceeds the yearly limit ($18,000 per individual) imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very …

Jan 1, 2025 · Reporting prior gifting on Gift Tax Form 709: For Schedule B (Gifts from Prior Periods) I realize the final value comes from the Schedule B Worksheet. Do I report the actual amount or the …

Mar 24, 2025 · Instructions for Form 709 state " If a donor dies before filing a return, the donor's executor must file the return". However, we never had an executor formally recognized in court, as my …