If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you'll have to fill out Form 709 for gift tax purposes. But ...
Gifts are disclosed on Form 709, Schedule A, which is divided into three Parts. Gifts which are only subject to gift tax, such as outright gifts to the donor's children, are disclosed on Part 1. Gifts ...
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