So here goes. Will try to keep this simple.
1) I gave my son and daughter a gift of 20k each.
2) can I use one form or one need form for each gift.
3) I live in WA and plan on not splitting gifts since we are a community property state. Is this, ok?
4) From what I see in form and instructions, I owe $900 per gift. Is this correct?
5) I also see that this would apply to lifetime deductions. Any clarification on how and steps in form I need to fill out.
Just spent 4 hours on my phone waiting of IRS to help. That didn`t work. Trying to avoid this again.
Any help would be appreciated
