Form 709 must be filed by the donor for each year in which there are gifts exceeding the exclusions. after the first form 709 is filed, each subsequent form 709 must report the exemptions from the previous form for the purpose of calculating the usage of the lifetime exemption of $5.45 million. Therefore, if form 709 was not filed in previous years, you must file them starting from the earliest year the form had be filed.
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