I recently used Turbo Tax to file my 2021 return and it has been accepted by the IRS. In talking with a friend, I believe that I need to file a Form 709 since I gave my brother $25k in 2021.
1. How do I do that? Do I just fill the thing out as a paper form and mail it in, even though I e-filed?
2. I filed a 1040-SR as Married filing Jointly. I believe we can split this gift between the two of us (2 gifts were made as $10k and $15k on different dates) and have no liability. Am I correct?
Thanks.
