Husband and wife gave child a "gift of equity" to their son who bought a house from them.

Gift was $44,000 total /  $32,000 is allowed by IRS but I don't know how is that shown on Form 709?

They both file separate 709 form showing their 16,000 each,  but I don't know where the figures go on the form.  IRS instructions aren't much help.

This is the first "equity gift" they have given.

Any help would be greatly appreciated.