Can a single check for $560K be provided, with a single 709 form? Parents want to gift $60K+$500K to son and his wife. $ are within the annual and lifetime limits resp.
01471
1 Best answer
bobweissman
Level 6
Jun 4, 2019 2:55:38 PM
Each parent must file Form 709. Mail both forms in the same envelope.
Instructions for this form are non-trivial. Please read them through.