Gift return 709 question

[jackkgan]

Hi there,
I would appreciate your advice:
I did a bank-to-bank transfer of 100k to my daughter in 2022. She transferred back 30k to me from her bank as some expenses came up for me.
Please confirm if I should enter 100k or 70k in the 709 form. 

If I enter 70k , then in the Schedule A, is it correct to also add the -30k in that list in (Column D-Donor's adjusted basis of gift, Column F-value at date of gift and Column H-Net Transfer) , so the total comes to 70k?

Or is it just safer to declare all the 100k  and not include the -30k at all in the 709 return?

Thank you.

[Mike9241]

i would say that if you gave her the money unconditionally you made a $100K gift to her and she made a $30K gift to you so you both need to file.