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Business & farm
You are correct. A single $38,000 check from a joint account by one spouse does require filing Form 709 (with Part III gift-splitting consent if you want to treat it as $19,000 from each spouse). To avoid filing, each spouse would need to write their own separate check for $18,000 (or $19,000 each if you’re using the 2025 exclusion).
Wednesday
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