Generally, Form 709: U.S. Gift Tax Return is required if any an individual makes one or more gifts to any one person (other than his or her citizen spouse) that are more than the annual exclusion for the year. I am not sure what you intend to use Form 709 Form on the Schedule B, which is a Schedule used to report dividends, interest, an other investment income?
Perhaps you could explain how you are trying to use 709 for this? FYI, if you received the gift, you are not responsible for reporting this gift in Form 709. Rather, the person who gave you the gift is responsible for this filing.
Kelly C.
CPA
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