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Level 2
posted Apr 1, 2021 11:04:47 PM

Should I submit amended 709 return for error in line 8 ?

Hi there,

 

In my last year's 709 form (for year 2019), I mistakenly entered 4,417,800 in column C, Schedule B instead of the amount from line 12 or previous years. (2018)

 

This resulted in corresponding wrong calculation in lines 9 and 11, though line 12 and 14 remained unchanged. 

 

I already sent the 709 for year 2020 today.

 

Please confirm if I should send amended 709 return for last year (for year 2019) for this error.

 

Thank you!

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1 Replies
Level 15
Apr 1, 2021 11:41:07 PM

this is an income tax forum. you may not get an answer about a gift tax return