Wife and I giving $20,000 to our son, should we give in one $20k check or split into 2 $10k checks to avoid form 709?

gmaur18 — Tue, 24 Feb 2026 08:11:23 GMT

Re: Wife and I giving $20,000 to our son, should we give in one $20k check or split into 2 $10k checks to avoid form 709?

xmasbaby0 — Fri, 03 Nov 2023 12:31:12 GMT

Split into two checks--one from each of you --- that way you will not have to deal with form 709

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 ($17,000 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

topic Wife and I giving $20,000 to our son, should we give in one $20k check or split into 2 $10k checks to avoid form 709? in Retirement tax questions

Wife and I giving $20,000 to our son, should we give in one $20k check or split into 2 $10k checks to avoid form 709?

Re: Wife and I giving $20,000 to our son, should we give in one $20k check or split into 2 $10k checks to avoid form 709?