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I will be filing form 709 in 2022 because one of three gifts to three seperate children and exceeds $16,000 while the other two gifts are for $11,000 and $6,000 each. I also have given a grandchild a $500 gift which I undertand would come under part 2 of the 709 as a generation-skipping gift. My question is do I have to include the three gifts below $16,000 on the 709 form?
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From the instructions for Form 709: "If the total is $16,000 or less, you need not enter on Schedule A any gifts (except gifts of future interests) that you made to that donee."
From the instructions for Form 709: "If the total is $16,000 or less, you need not enter on Schedule A any gifts (except gifts of future interests) that you made to that donee."
Thanks for your prompt response to my question which was very helpful.
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