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On Form 709 (gift tax) can I enter several monthly gifts to my son as one entry and list the date as 'various'. Or do I need to have 12 entries. Gift is always cash

 
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2 Replies
M-MTax
Level 12

On Form 709 (gift tax) can I enter several monthly gifts to my son as one entry and list the date as 'various'. Or do I need to have 12 entries. Gift is always cash

It's OK to enter the date of the gifts if they're all cash as a total and use the date 12/31/2022.

On Form 709 (gift tax) can I enter several monthly gifts to my son as one entry and list the date as 'various'. Or do I need to have 12 entries. Gift is always cash

Thanks for the quick response.  Having one  entry makes sense - otherwise it'd be another 11 pages of Schedule A to attach!

 

And yes, this was all cash (PayPal) to one Donee - my son.

 

Thanks again,

Mike

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