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Level 5
Mar 28, 2022 3:51 AM UTC
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FILLING IN FORM 709

I am completing form 709 for a mother that gave multiple cash gifts to the son in 2021 that in total is $43000. Do I need to list each gift separately or can I include the total on one line with the last date in 2021?

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IRonMaN
IRonMaNAnswer
Level 15
Mar 28, 2022 1:43 PM UTC

With cash gifts I don't think the IRS is going to be knocking on your door if you take that shortcut.

Slava Ukraini!

2 replies

IRonMaN
IRonMaNAnswer
Level 15
Mar 28, 2022 1:43 PM UTC

With cash gifts I don't think the IRS is going to be knocking on your door if you take that shortcut.

Slava Ukraini!
George4Tacks
Level 15
Mar 28, 2022 1:49 PM UTC

I agree. Pick a date and call it done. 

Answers are easy. Questions are hard!