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Level 1
posted Jan 3, 2023 9:25:28 PM

Reporting Gifts on Form 709 for 2022

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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1 Best answer
Level 15
Jan 4, 2023 5:07:20 AM

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."

2 Replies
Level 15
Jan 4, 2023 5:07:20 AM

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."

Level 1
Jan 12, 2023 1:36:09 PM

Thanks for your prompt response to my question which was very helpful.