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FILLING IN FORM 709

jgcpa
Level 4

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
Level 15

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


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

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

I agree. Pick a date and call it done. 


Answers are easy. Questions are hard!