Two years ago my brother passed and I was the beneficiary of his annuity. Has the money deposited in my wife's and I joint bank account.
In 2023 I gave my son and daughter 125K each. Now I'm filling out a 709. Couple of questions....
Since the money was deposited and dispersed from our bank account,(checking.savings) would my wife have to fill out a 709 too? Does it "have" to be split gift? Or can it just be from me. Unlikely I'll ever reach the exemption amount.
Also since I have two donee's I'll need to attach another Schedule A statement. Do all the donee's go on this or only the extra ones?
Thank You
