Business & farm

M-MTAX, I just wanted to make sure that the IRS doesn't think we gifted double! $700K total as my 709 Part1 shows 350K total as does my spouse's. My schedule A shows $175K four times with split four times. Or, my Schedule A, Part 4, line1 shows $350K, not $175K. My spouse's shows identical. Does that make sense?