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Get your taxes done using TurboTax
Your father would need to file form 709 since the gift is over $17,000. I'm not sure what the consequence of not filing it would be, since the IRS would have difficulty garnishing his wages or attaching a lien on his property.
You can read more in the instructions for Form 709 here: Form 709
[Edited 2/26/24 at 4:07 PM PST] @Homelander_007
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‎February 26, 2024
3:59 PM