Author Topic: Gift tax -IRS form 709  (Read 720 times)

Ants

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Gift tax -IRS form 709
« on: March 04, 2018, 12:45:05 PM »
I need to file IRS form 709 as part of a large gift I made last year. Neither the IRS site free fillable forms and CreditKarma support that form. Can I just fill that out and send it separately from my taxes or does that need to accompany my 2017 taxes? Thanks

Fields of Gold

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Re: Gift tax -IRS form 709
« Reply #1 on: March 04, 2018, 04:00:25 PM »
CPA

« Last Edit: March 18, 2018, 02:26:19 PM by Fields of Gold »

ritz

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Re: Gift tax -IRS form 709
« Reply #2 on: March 05, 2018, 01:28:38 PM »
Form 709 is a completely different return than your personal tax return and should be filed separately. Do not attach it to your individual return.

yachi

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Re: Gift tax -IRS form 709
« Reply #3 on: March 05, 2018, 03:04:03 PM »
Antz,
There is a list of exclusions to the gift tax too:
https://www.irs.gov/instructions/i709