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My mother would like to transfer ownership of some mutual

Customer Question
fund investments to me. It...
My mother would like to transfer ownership of some mutual fund investments to me. It is in excess of the $14,000 annual exclusion, and below the $5.43 lifetime basic exclusion amount. There are no prior Gifts, and we are both US Citizens. I understand she would file a Gift Tax Form 709 by next April 15.My question is about Form 709. Using a hypothetical example, can you fill out lines 3-20 for me, so I can use it for a reference? Are there State Gift tax implications? She lives in Kansas, and I live in Maryland.
Thank you.Doug
Submitted: 1 year ago.Category: Tax
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Answered in 16 minutes by:
1/31/2016
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 1 year ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4,712
Experience: 35 years tax experience, including four years at a Big 4 firm.
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Hi from just answer. I'm PDtax. I can assist.

The amount of work you need will suggest a price increase fit the example and two state gift tax consequences.

I will post an Offer of Additional Service for that price increase, and can work on this today if we make a deal.

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Customer reply replied 1 year ago
I am considering your offer. Thanks.
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