Gift Tax Return Form 709

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DISCLAIMER
**Investment advisory services offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
All episodes recorded prior to August 16, 2023 were recorded while we were registered at a previous RIA. This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 1049342 - 9/21.

[JB-zjik]

Please include a video of filling out form 709

[CooperLee-]

Why not show how to fill out the form, line by line?

[michaelcorso]

What if the money is returned in the same tax year? For example help with a down payment on a new house that is repaid after the sale of an old house.

[mrbigcat]

So, the first gift below that annual year exemption to a person does not require a Form 709 but future gifts to that same person below the annual exemption does? Are you sure?

[andytan]

Do I have to file form 709 at the same time when I file the 1040?

[HouseOfSykes]

If I’ve given gifts to multiple Individuals do I need to fill out this form

[kurpal]

Can I ask how do you get the numbers for line 4?

[budblower]

Good presentation, thanks. Does the form 709 need to be filed in conjunction with the Federal Return, or can it be done separately, post Federal Filing, but prior April 15? Thanks

[ksr]

So If I give a gift for 50 dollars than it has to be claimed? Unreal