@Mimi1944 wrote:
Do we fill one out retroactively, and continue to fill one out each year. Or, is it a one time deal?
You would file the form just once for this gift (for the year it was given) and you can file it now, although is technically late.
It would probably be best for you to consult with a tax professional in your area.
See https://taxexperts.naea.org/expertdirectory
