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posted Feb 12, 2022 11:46:04 AM

Should I put 709 form schedule B Colume C 4,577,800? Because I filed 709 form in 2020 for giving cash 168400 to my son.

I am not sure if I put the right answer to the Schedule B volume C for 2020 gift from prior periods.

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1 Replies
Level 15
Feb 12, 2022 12:24:36 PM

You need to use the worksheet.

 

https://www.irs.gov/instructions/i709#en_US_2021_publink1000292383