@jn2rons wrote: To confirm... him completing the IRS Form 709 basically tallies the amount "gifted" for future reference? There aren't any penalties that he'd incur on this 1-time gift?
To confirm... him completing the IRS Form 709 basically tallies the amount "gifted" for future reference?
There aren't any penalties that he'd incur on this 1-time gift?
That is correct on both counts.
