2024 was the first year that my wife and I gifted cash to our Son and Daughter-In-Law.
We gave an Anniversary present of $2,000 to them both.
Then we gave a cash gift to our son of $20,000. We each gave our son a check for $10,000.
How should we both show that we did this together? Can it be done on a single Schedule A?
Next year we will need to file another 709 as we gave our son another cash gift. My wife wrote a check out of our joint account for an amount that will exceed the authorized amount.
Thank you, LTCJSH
