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@delooox wrote:

So... if your whole life you did not report a gift because there was no tax owed during your lifetime, but then if there was a death (estate) tax due when you die over the unified credit, there would still be no penalties for not having reported the gift years ago?


You are going to have a problem if your estate reports that incorrectly but, otherwise, there would be no penalty for not filing gift tax returns at a time when no tax was due.