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    Form 709 filing requirement

    jnd2546
    Level 4

    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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    1 Best Answer

    Accepted Solutions
    BobKamman
    Level 15

    All gifts on single 709.

    View solution in original post

    4 Comments 4
    BobKamman
    Level 15

    All gifts on single 709.

    jnd2546
    Level 4

    Thank you Sir!

    0 Cheers
    sjrcpa
    Level 15

    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-
    Level 15
    Level 15

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪