please please if someone can give me a reliable answer for my inquiry:
If a donor transferred money for a downpayment gift up to $80K to a family member - then when the donor wants to file the gift tax form 709 under which category it falls this gift in Schedule A:
( part I gifts subject only to gift tax or part 2 direct skips or part3 indirect skips)?
and can you help in understanding how to do schedule D- part 3tax computation for this matter
thanks
