Retirement tax questions

Not a taxable event for you unless you exceed the lifetime exemption....which was $13.61 million for 2024.

 

No choice as to how to transfer gifts if the gifted property is owned by you and your husband in equal shares.

 

You each give 1/2, for example, and report the share you each gave on separate 709s. The excess above the annual gift tax exclusion just reduces your lifetime exemption.