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
021862
2 Replies
M-MTax
Level 12
Mar 17, 2023 5:58:33 PM
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.
mike_mcmahon7
Level 1
Mar 17, 2023 7:14:21 PM
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.