Hi All, confused by form 709 re gifting my son on excess of $18,000 gift in 2024. Form 709 asks in part ll tax computation section 1. enter the amount from schedule A , Part 4 , line 11. But that section is for gifting to charities. I gifted my son $28,000 in 2024. But it seems that schedule A doesn't address gifting to another person only charities yet form 709 references schedule A.
I understand the standard exclusion for 2024 is $18,000 which results in a net gift for reporting purposes of $10,000. So do I ignore section part ll of form 709and fill out page 1, page 3 and schedule B as I have previously gifted my daughter money in excess of the standard exclusion about 5 yrs ago then just mail in form 709 just filling out page 1, page 3 and schedule B and mail to the IRS skipping the charity section and nothing else needs to be filled out in my actual tax return including schedule A ?
Thanks for any help
