If I give gifts that exceed the gift tax exclusion amount to two donees, do I file two Forms 709 or do I report both on the same form?
- posted
2 years ago
If I give gifts that exceed the gift tax exclusion amount to two donees, do I file two Forms 709 or do I report both on the same form?
You file a single 709 for each calendar year where you made one or more gifts in excess of the annual exclusion.
Ira Smilovitz, EA Leonia, NJ
Thank you.
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