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Asked in FL May 21, 2022 ,  0 answers
Is a Form 709 to be submitted when I give a cash gift of the allowable amount ($13,000) or only if the gift exceeds that amount?
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Tax and Taxation Law
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Anonymous
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Posted on / Jan. 27, 2011 14:03:00

You will have to file a Form 709 if a cash gift to directly to any single person exceeds $13,000.00.

The consult the instructions for form 709 at www.irs.gov for more specific details on who does/does not need to file a 709.

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