Schedule A for form 709 only has 4 lines available to list gifts. My wife and I are gift-splitting and my wife made 7 individual gifts to our son. How do I list all of these? Thank you in advance! Great video by the way. Hard to believe the IRS form 709 instructions are so difficult to figure out!
Two things to note. You do not need to use four lines per gift. Also, the app has 8 continuation pages which you may not have noticed. Please don't use RUclips for technical support. Feel free to contact us via phone or email.
My wife & I jointly own a house that we are gifting to our son. Is that considered gift splitting? Or can we just each file a form 709 listing 50% ownership of the house?
Very helpful video. What should I do if there are multiple donees in a year and there isn't enough room in Schedule A to detail each gift?
We have a RUclips video that answers your question. Here's the secure link: 44 - Gift Tax- 10:05 - ruclips.net/video/vLkgxCPnVkQ/видео.html
Schedule A for form 709 only has 4 lines available to list gifts. My wife and I are gift-splitting and my wife made 7 individual gifts to our son. How do I list all of these? Thank you in advance! Great video by the way. Hard to believe the IRS form 709 instructions are so difficult to figure out!
Two things to note. You do not need to use four lines per gift. Also, the app has 8 continuation pages which you may not have noticed. Please don't use RUclips for technical support. Feel free to contact us via phone or email.
Clear and helpful ! Thanks.
Each spouse receives his or her full annual exclusion and full lifetime exemption.
My wife & I jointly own a house that we are gifting to our son. Is that considered gift splitting? Or can we just each file a form 709 listing 50% ownership of the house?
I'm sorry, we can't answer tax-related questions like yours in this forum.
Very helpful!
It's a pleasure to get emails like yours. Thanks for taking the time to let me know.
Thanks. We appreciate your encouraging words.