We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709

user17615314338 — Mon, 27 Oct 2025 02:19:22 GMT

Also, can we file the form 709 now before filing our 2025 tax return

Re: We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709

Bsch4477 — Mon, 27 Oct 2025 03:49:30 GMT

You won’t find the 2025 issue of 709 at this time so you will have to wait.

Re: We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709

xmasbaby0 — Mon, 27 Oct 2025 10:27:03 GMT

Gifts given to family members, friends or other individuals are not deductible. Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.

If your gift exceeds the yearly limit ($19,000 per individual) imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.

TurboTax does not support Form 709. It is not an income tax form and would not be included as part of an income tax return.

Here is a link to the form:

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

Here's a link for Form 709 preparation software:

https://www.puritas-springs.com/product-category/federal

Here are some useful videos on the Form:

https://www.youtube.com/watch?v=a5wJow5h-No

https://www.youtube.com/watch?v=5Z_28sVOrTY

topic Re: We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709 in Get your taxes done using TurboTax

We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709

Re: We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709

Re: We gave 2 pieces of vacant land to our son in 4/2025, we need help to fill out the Lifetime gift form 709