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If you gave the gifts in such a way that you did not give over $14,000 to either individual, you do not have to worry about a 709. For instance, did you give some to daughter and some to son-in-law? Or did your wife give some and you give some? You need to report it if you gave all of the $25,000 from just one of you to one of them. Even then it is not taxable to you or to them.
If you gave the gifts in such a way that you did not give over $14,000 to either individual, you do not have to worry about a 709. For instance, did you give some to daughter and some to son-in-law? Or did your wife give some and you give some? You need to report it if you gave all of the $25,000 from just one of you to one of them. Even then it is not taxable to you or to them.
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