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Remove Calculations in the Gift Affidavit

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Aug 6th, 2022

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How to Remove Calculations in the Gift Affidavit

4.7 out of 5

45 votes

hi in this video im going to show you how to calculate the final gift tags so its a kind of very complicated process so here basically its the process how to uh calculate the federal gift tax so of course this process was um also you can find it on the uh you know the form 709 which is uh how you report uh the gift tags to irs uses the form 709 so this kind of is a simplified process from that form so lets just uh quick view of this process then im gonna give you example of gifting in the year 2020 and 2021 show you how to how to calculate the uh the tags uh in both of these two years then later im going to show you how to put the number in the uh 709 form so are going to be a little bit long video so yeah thats going to show you how to calculate their gift the text because its really a complicated process so basically here just as a total gift for the year so if you make a gift for the year so any gift you may are eligible for the uh exclusion so this is uh other exclusions so

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