Hi,
My husband and I donated $200,000 for my son and his future wife for a down payment in 2024.
I believe we nee to file two separate 709 forms.
So, in each 709 form SCH A part 4 - line 1 the value of the gift is $100,000 ? (half for me/ half my husband?)
If so, the annual exclusion on each 709 form is $ 36,000 ? (18,000 for my son $ 18,000 his wife) ?
So, this way we maximize the exclusions?
Or should do differently?
Apreciate the HELP!!!
