in the case of giving $100,000, each donor has to file 709. Understood. But form 709 is confusing.
Is it splitting?
I guess not.
This is how I will file the form.
No need to check yes on box 12.
Each donor files $50,000 of transfer, takes exclusion of ($17000), and 'uses up' $33,000 of his/her lifetime exemption.
I don't think how that $100,000 were transferred. It could be lump sum, divided, from one or many different accounts as long as the total for the year were $100,000.
Am I oversimplying?
