- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@ron6612 wrote:
I’m confused about the term split gift and need to file 709. If my wife and I each write separate checks from our joint account to one child for $15k each would we still need to file the 709 for a split gift?
No. An individual is allowed to gift $15k to another individual without having to file a Form 709.
So if you gift 15K to the child and your spouse gifts $15K to the same child there is no requirement for either of you to report the gifts given.
December 5, 2020
7:00 AM