Form 709 (Gift Tax)

[JohnASmith]

Sorry for bringing this up again.  I've learned a lot in this forum, but still nervous.  I've never completed a Form 709 (Gift Tax).  The gift is very simple, from myself and my wife, to our son and daughter-in-law.  The gift amount exceeds our joint exemption.  This is the first time either my wife, or I, have exceeded our annual exemption.  I am concerned I might do something wrong filling in the form.  Is there anyone available that knows this stuff that can complete the form for us?  I don't have an accountant, I have always been able to complete our tax return myself, using TurboTax.  Even examples of the completed form, with a similar scenario would help.   Thanks everyone.        

[xmasbaby0]

TurboTax does not assist with Form 709 since it is not an income tax form.  You do not prepare it as part of an individual income tax form.  It is a separate tax form.   If you have questions someone might respond in this forum, but you will not be able to get a TurboTax expert to take on a Form 709.

[JohnASmith]

Yes I knew that, I only mentioned TurboTax to explain why I don't have access to an accountant, or tax expert.  I do understand that gift tax is totally separate from the income tax return.  Thank you. 

[PattiF]

Here is a post from Yahoo Finance with some information about completing the form.

@JohnASmith 

[JohnASmith]

Thank you, I'll check that out.