Form 709 - Significant volume of stock gifts

[JimS_1]

An individual gifted 61 different stocks/bonds to each of two children and now needs to complete Form 709 as the value was well over the $15k/$30k limits.

Questions: 

Does a separate line need to be completed for each security (detailing description, shares, CUSIP, cost basis, market value)?

Or, can a summary line be completed for each child and list the property as "Various Securities" with a total of basis and FMV?

If the lines need to be detailed out, is there a way to upload the information to Lacerte?

Or is there a way to attach a PDF to the Gift Tax return?  I don't see a PDF attachment screen like there is on the 1040.

I have all the data in an Excel file, but completing 122 lines (2 donees, 61 securities) in Lacerte is not appealing or profitable!  

[sjrcpa · Accepted solution]

You can make one entry in Lacerte and include "see attached statement" as part of the description.

You have to paper file the return so attach it manually.