Form 709

[Fouadabou]

Hello,

In 2021, I gave my son a gift in the form of stocks that is worth $270K, but I did not file form 709 in 2022 because turbotax did not ask me so, and I didn't know. Now i foud out, so how can I correct this? What should I do now?

Thanks

Fouad

[tagteam]

You can try to prepare the form yourself (download from the link below).

https://www.irs.gov/pub/irs-prior/f709--2021.pdf

Alternatively, you can seek guidance from a local tax professional (recommended).

See https://taxexperts.naea.org/expertdirectory