If a donor and spouse made gifts ( in excess of annual exclusion) to 4 different individuals, can a single 709 be filed to report all gifts or do they need to file a separate 709 for each donee?
Thank you!
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All gifts on single 709.
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Thank you Sir!
But, if each spouse made gifts, each spouse needs to file a gift tax return.
Or, if only one made gifts and they elect gift splitting each spouse needs to file a gift tax return.
You'll have 2 returns, one for each spouse. Each return will show 4 donees on it.
