topic Re: Form 709 in Get your taxes done using TurboTax

Form 709

mckaint — Thu, 06 Feb 2025 20:17:17 GMT

Spouse and I are splitting gifts on the 709. I am the one that gave the gifts out and each donee exceeds our combined exclusions amounts. IRS directions indicates this will require both of to file and each consent to the other. Does this mean I use a mirror image of my form for spouse, or I split the gifts between the separate forms?

Re: Form 709

M-MTax — Thu, 06 Feb 2025 20:40:13 GMT

Correct. You will both file a return and consent on each other's 709.

Re: Form 709

mckaint — Thu, 06 Feb 2025 21:20:29 GMT

Understood, so are the returns essentially 1/2 of the gift(s) total on each or full gift amounts amounts on each and filling out (i) on the form?

Re: Form 709

M-MTax — Thu, 06 Feb 2025 21:28:27 GMT

You enter 1/2 of (g) on (h). Subtract (h) from (g) on (i).