Hi,
To your point about the intent, how can I show my intent that the gift was for both of my parents? Do I need to prove anything to the IRS?
I am in a similar situation. During 2020, I gave a total of $30k to my parents living abroad. The money was sent to my dad's bank account, but the money was intended to be used by both mom and dad. I made two separate transfers ($10k and $20k, both to my dad's bank account). Based on this answer, I may not need to file Form 709, but I want to confirm to avoid any potential penalty.
Any help is greatly appreciated! Thanks a lot!
