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Form 709

My wife and I gave a $100k gift to my daughter from a joint account. On Schedule A do I list the value as $50k made by me and $50k by my spouse, or do I list it as 100k from me and not list any gift from my wife (she gave no other gifts aside from this joint gift to my daughter).

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MinhT1
Expert Alumni

Form 709

You should split the gift between spouses.

 

Each spouse will need to file their own form 709.

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