@jimmceachern12030 wrote:
I took $26,000 from my ira and had taxes taken out at the time of withdrawal. It was deposited into my bank account. Then wrote a check to my son for the whole amount. Was thinking my wife and I could both give $13,000 each or do just one of us have to claim all of it to the irs? In either case do we need to file form 709?
Thanks for your help,
Jim
The annual gift exclusion in 2025 was $19,000. So if both you and your spouse, separately, gave your son $13,000 each there is no requirement to file a Form 709.
