Filling out Form 709 by myself.
No way to e-file 709 presently.
You'll need to sign in or create an account to connect with an expert.
On form 709, you will enter the total gift amount in Schedule A Part 1. The annual exclusion is then deducted in Part 4.- Taxable Gift Reconciliation.
Edited 04/04/2019 | 1:49 PM PST
On form 709, you will enter the total gift amount in Schedule A Part 1. The annual exclusion is then deducted in Part 4.- Taxable Gift Reconciliation.
Edited 04/04/2019 | 1:49 PM PST
Follow the instructions; you enter the full amount and then the annual exclusion is deducted in Part 4.
See https://www.irs.gov/instructions/i709#idm140297522159072
You should also seek advice from legal and tax professionals for gifting and related returns. This is not a DIY project.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
aad0936344
New Member
justinrz1982
New Member
kevannoord7
New Member
emosteve5
Returning Member
aidfolks
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.