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Second Opinion) Thanks for your explanation of the GST
Second Opinion) Thanks for your explanation of the GST exemption. I have one last question regarding the GST exemption amount. It is likely I will have to fill out more form 709s in the future so I wo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,392 satisfied customers
Thanks for your explanation of the GST exemption. I have one
Thanks for your explanation of the GST exemption. I have one last question regarding the GST exemption amount. It is likely I will have to fill out more form 709s in the future so I would like to know… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,183 satisfied customers
FORM 709, PAGE 1 PART 2 COMPUTED TAX AS $12,100 FOR GIFT OF
FORM 709, PAGE 1 PART 2 COMPUTED TAX AS $12,100 FOR GIFT OF $70,000 - $15,000 AS ANNUAL EXCLUSION TO SISTER IN LAW. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,392 satisfied customers
I sold my house & gifted the equity to the purchaser paid
I sold my house & gifted the equity to the purchaser paid some interest & taxes through the year. Paid the closing & was partially reimbursed from the mortgage company for the funds not used how do yo… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,849 satisfied customers
My wife and I gave $79,200 to my sister. what parts of 709
my wife and I gave $79,200 to my sister. what parts of 709 do I need to complete and what is the real IRS name for this gift? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,977 satisfied customers
Trying to figure out form 709 that H&RBlock completed for my
Trying to figure out form 709 that H&RBlock completed for my mother. It doesn't look right to me...She gave my brother 137,000. First thing that I don't understand is why they list the full 137K on sc… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,180 satisfied customers
I am having trouble with Schedule of form 709. The gift made
I am having trouble with Schedule B of form 709. The gift made in 2006 was $20000. My name is*****: Have you talked to a tax professional about this? Customer: No … read more
Dr. Fiona Chen
Dr. Fiona Chen
Certified Public Accountant (CPA)
Ph.D.
4,101 satisfied customers
This year, we paid tuition for our 26 year old son by
This year, we paid tuition for our 26 year old son by depositing the tuition amount in his checking account--totaling $50,000. How can we avoid filling out a Form 709 for 2018? Next time, we will pay … read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,977 satisfied customers
On form 709, where do I enter the lifetime exclusion. I gave
On form 709, where do I enter the lifetime exclusion. … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,240 satisfied customers
WHERE on Tax Form 709 (line number and column), Schedule A
WHERE on Tax Form 709 (line number and column), Schedule A would the $14,000 annual gift exclusion be written if I gave two cash gifts to my sons?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,392 satisfied customers
I am a senior citizen and I co-own a checking account with
My name is***** am a senior citizen and I co-own a checking account with my 2 sons, Rudy and Jake.All three of our names are ***** ***** the checks. Last Christmas I presented each of my sons with cas… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Coming back. I have a tax question, not a legal question.
Hi Pearl. Coming back. I have a tax question, not a legal question … read more
PDtax
PDtax
Owner
Master's Degree
4,710 satisfied customers
Form 709 - Married couple giving adult child and child's
Form 709 -Good Morning,Married couple giving adult child and child's spouse cash to purchase a house and stocks for a value of $ 346,000. Two questions - 1) Can the married couple just file a joint 70… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Megan would like to know where, in which line have to report
hi Megan would like to know where, in which line have to report a cash donation to my doughter on form 709 the donation is more than 14000 usd thsnk you… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
On Form 709, how do you complete Schedule C, Part 1 D&E. In
On Form 709, how do you complete Schedule C, Part 1 D&E. In 2012, a mother gave her son and daughter each 150,000. These are the first gifts she has given. The father died in 2011 and has a DSUE of 3,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,392 satisfied customers
My son needs to fill out a form 709 and we are confused as
My son needs to fill out a form 709 and we are confused as how to complete it. He gifted 16000.00 to a non related party for sale of his house and we have to report 3000.00 on form 709. Where and how … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
In November 2009, my wife and I, residents of California, gave
In November 2009, my wife and I, residents of California, gave our son and his wife a house in Minnesota in which they have been living and paying the mortgage for the past ten years. The house had a … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,392 satisfied customers
I need guidance in filling in form 709. The details are simple
I need guidance in filling in form 709. The details are simple: my mother transferred her house to me by deed transfer. We need to fill in a 709 form for her but are confused about which boxes need to… read more
Merlo
Merlo
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558 satisfied customers
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