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For “Lev” Only. Thanks. What should be entered in column H
For “Lev” Only. Thanks.What should be entered in column H of form 709? Would the donors ABG go in this column or should the Value at date of gift be entered here?This is not a split gift or gst. It's … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
1996: Two brothers took deed (50% /50%) to their moms houses
1996 : Two brothers took deed (50% /50%) to their moms houses via a Gift (filed Fed form 709). they were each residential houses 1-2 family2018: they sell one of the homes and realize a capital gain. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
FOR LANE: Have a client who just sold about 2 million in
FOR LANE:Have a client who just sold about 2 million in stock and it looks like it was gifted to him, I have a copy of the gift tax return form 709 and want to confirm what his basis in the stock is1.… read more
Alexander Efros
Alexander Efros
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Acquired property via inheritance in 2013 (not primary
Acquired property via inheritance in 2013 (not primary residence). It was appraised for $65,000 then and sold in 2017 for $60,000. In completing Form 8949 I end up with a - $0.00- amount in Column (h)… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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My dad is giving me his interest in the LLC in which we are
My dad is giving me his interest in the LLC in which we are the 2 members. How do I calculate the data that goes into Form 709/ Gift Tax Return, Schedule A, Part 1. Especially, columns D and F.Please … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 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
41,360 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.
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How do I figure the Cost or other basis house inherited and
How do I figure the Cost or other basis for a house inherited and sold in 2014 to input on form 8949, sec. 1, part (e) ?… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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My Mother died in 2012 with all of her property in a
My Mother died in 2012 with all of her property in a revocable living trust including investments with B C Ziegler, an investment. As executor of her estate and primary beneficiary of her assets, I ca… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
My father is 90 yrs young and wants to give me his home he
my father is 90 yrs young and wants to give me his home he owes $10.000 and my deceased mothers name is ***** ***** property. How can we accomplish this with out a lot of taxes and red tape?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
My father inherited my grandmothers house in 1992. The long
My father inherited my grandmother's house in 1992. The long term tenant recently passed away and he wishes to gift the house to my sister and I. The two options being considered are for him to "sell"… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 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
41,360 satisfied customers
Form 8283 On my mothers death I inherited contents of her
Form 8283 On my mother's death I inherited contents of her house along with my brother. We donated much of the household to a church. The FMV of my portion of the donation is $797. I assume Part 1, co… read more
jgordosea
jgordosea
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Bachelor's Degree
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How should we fill the form 709 (99) for a gift given to our
How should we fill the form 709 ('99) for a gift given to our son valued at 1,100,000 held jointly by us as community property of husband and wife? I think we have to split the gift 50/50 and file for… read more
MequonCPA
MequonCPA
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Master's Degree
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My mother owns a second home in Washington DC that my wife
My mother owns a second home in Washington DC that my wife and I have been living in as our primary residence - I would say we are renting, but we are not paying anything except for the utility bills.… read more
Merlo
Merlo
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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
41,360 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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My mother in law wants to quit claim her property to my wife.
My mother in law wants to quit claim her property to my wife. There are no mortgages or liens against it. If she does that, what type of taxes are we looking at, besides the obvious,....property taxes… read more
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