how to fill out schedule A for form 709 gifting

[M-MTax]

Yes, it does.

[nofan]

Lukester1980, thanks for the timeline on sending in your 709 n then the red flagging by irs. As a widower I only have my return which simplifies somewhat  the complex web of the 709, prior years I could have split the gift between  spouse n myself and been under the reporting requirement so no reporting needed. In many ways a flat tax would be more efficient, less cumbersome for citizens paying their share , and minimize tax evaders but it would have issues as well, and reducing the irs footprint and thin out tax payers burden by subsidizing fewer irs government employees. Won’t happen in my remaining years and likely the entire system will go officially bankrupt from our politicians overspending us into oblivion  but that has a high likelihood in my remaining years. Good luck, seems like your in the homestretch to finalizing the fun 🥴

[Lukester1980]

One more question ref this Form 709. If my spouse and I gifted a total of 350K to our son/dil and we are splitting the gift to both of them, do we put 175K total each, split, or 87.5K total each then split on the Schedule A? TIA.

[Mike9241]

A married couple may not file a joint gift tax return.
However, if after reading the instructions below, you and
your spouse agree to split your gifts, you should file both
of your individual gift tax returns together (that is, in the same
envelope) to help the IRS process the returns and to avoid
correspondence from the IRS.
If you and your spouse both consent, all gifts (including gifts
of property held with your spouse as joint tenants or tenants by
the entirety) either of you make to third parties during the
calendar year will be considered as made one-half by each of
you if all of the following apply.
• You and your spouse were married to one another at the
time of the gift.
• If divorced or widowed after the gift, you did not remarry
during the rest of the calendar year.
• Neither of you was a nonresident not a citizen of the United
States at the time of the gift.
• You did not give your spouse a general power of
appointment over the property interest transferred.

if the above conditions are met and 

assuming separate gifts made son/dil

 each of you file reporting 1/2 the gift to your son and 1/2 the gift to your DIL.

[M-MTax]

@Lukester1980 

You total the entire gift and then you each report one-half of it in that column on Schedule A.

[Lukester1980]

M-MTAX, I just wanted to make sure that the IRS doesn't think we gifted double! $700K total as my 709 Part1 shows 350K total as does my spouse's. My schedule A shows $175K four times with split four times. Or, my Schedule A, Part 4, line1 shows $350K, not $175K. My spouse's shows identical. Does that make sense? 

[M-MTax]

@Lukester1980 

Note the instructions for Part 4, Line 1:

Enter only gifts of the donor. If gift splitting has been elected, enter only the value of the gift that is attributable to the spouse that is filing the return.

[Lukester1980]

Thank you! That clears it up for me.