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Other financial discussions
@Oz6989 wrote:
My dependent will be the donor NOT the RECEIVER. Thus, is the reason why she has to file the form 709 to IRS.
Then if they gift over $18,000 in 2024 they would be required to file a form 709.
That still does not exclude them from being claimed as a dependent under the Qualifying Relative rules if they meet all the requirements under the rules.
May 21, 2024
1:03 PM