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Level 1
posted Mar 17, 2023 5:46:21 PM

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
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.

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.

 

Thanks again,

Mike