More Form 709 Tutorials:
Real Estate Gifts: [ Ссылка ]
Gift of Publicly Traded Stock: [ Ссылка ]
Section 529 Plan Contributions: [ Ссылка ]
Charitable Contributions: [ Ссылка ]
Split Gifts Married Couples: [ Ссылка ]
Prior Period Gift Reconciliation: [ Ссылка ]
The IRS Form 709 is filed by U.S. individuals to report taxable gifts made during the tax year.
In this example, we look at a taxpayer who gifts cash of $19,000 to her son. The annual exclusion available in 2023 is $17,000, so the gift must be reported because it exceeds the annual exclusion limit per donee.
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