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Level 5
January 13, 2023
Solved

Form 709 filing requirement

  • January 13, 2023
  • 2 replies
  • 18 views

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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Best answer by BobKamman

All gifts on single 709.

2 replies

BobKamman
BobKammanAnswer
Level 15
January 13, 2023

All gifts on single 709.

jnd2546Author
Level 5
January 13, 2023

Thank you Sir!

sjrcpa
Level 15
January 13, 2023

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.

The more I know the more I don’t know.
Just-Lisa-Now-
Intuit Community Champion
January 13, 2023

You'll have 2 returns, one for each spouse.  Each return will show 4 donees on it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪