goyito
Level 1

Hi Taxea96786,

First thank you for answer to me.

I know gifts are not taxable but I was reading they can give to each of their children 15k and also to their spouses and not to report on their return, but i was reading how to treat gifts and  I understand they didn't have to pay taxes on that money but does they need to file (form 709 United States Gift (and Generation-Skipping Transfer) Tax Return) or they didn't need to file that form?  Here is where I am confused.  Since I am doing only personal taxes no other kind, since they are asking how much they can give to each of their children since they have 3 and they are married, and they want to give each couple 30K as a gift.

Or they don't have to do anything?

Thank you for your support on this important matter.

 

Best Regards,

Goyito.

 

 

 

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