Get the up-to-date FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs-2024 now

Get Form
709 12 Preview on Page 1

Here's how it works

01. Edit your 709 1989 online
01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to complete FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs for 2024 online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Usually, taxation is quite cumbersome. The importance of the event puts some pressure on the individual, and filling out the form can be challenging. Every character in the FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs for 2024 matters at such a crucial moment, so filling out a printed form may take a lot more effort and time than a digital one. To make this process more efficient, use DocHub and complete your tax year effortlessly.

DocHub is a effective modifying platform that takes all the difficulty out of dealing with PDFs. With this service, you can quickly complete your FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs and even sign it on the spot. It offers all the necessary tools to add textual content, check out boxes, and even draw on the file if needed. It makes no difference if you have used such software before, as the interface is easy to grasp. Additionally, in case of any errors, you can correct them without needing to start the entire form anew.

Take the following steps to complete your FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs easily

  1. Go to the DocHub website and click Sign up to register your free account.
  2. Provide your email and make up a secure password to create an account.
  3. Once signed up, you can drag and drop your file with the tax form or upload it using the New Document button.
  4. Open the file in editing mode and complete your form utilizing the toolbar.
  5. Once you enter all information, run through your tax form again to ensure it’s error-free.
  6. Save the form by downloading it on your device or store it in your profile.

This simple PDF editing tool will make your tax preparation less stressful. Simplify the editing process and prevent ruining printed copies with simple errors written by hand. Create your account and manage tax forms electronically.

See more FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs versions

We've got more versions of the FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs form. Select the right FORM 709 (REV. 12-1989). UNITED STATES GIFT (AND GENERATION-SKIPPING TRANSFER) TAX RETURN - irs version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2022 4.9 Satisfied (46 Votes)
2021 4.9 Satisfied (24 Votes)
2020 4.3 Satisfied (180 Votes)
2019 4.3 Satisfied (183 Votes)
2018 4.3 Satisfied (183 Votes)
2003 4.4 Satisfied (32 Votes)
1996 4.3 Satisfied (71 Votes)
1993 4 Satisfied (39 Votes)
1991 4 Satisfied (56 Votes)
1989 4.1 Satisfied (35 Votes)
2000 4 Satisfied (50 Votes)
2009 4 Satisfied (27 Votes)
2013 4.3 Satisfied (55 Votes)
2014 4 Satisfied (38 Votes)
2012 4.1 Satisfied (59 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
However, gift splitting can only be used if both spouses are U.S. citizens or residents; if not, a gift tax return will need to be filed by each spouse. For information on gift splitting, see Gifts to Donees Other Than Your Spouse in the Instructions to Form 709.
Gift splitting is reported using Form 709. Here are the most important lines on the form for gift splitting: Line 12: Youd check Yes here to give your consent to have any gifts made by either of you treated as being given by both of you. Line 13: The name of the consenting spouse goes here.
Form 709 is available for download on the IRS website. This form is free to download and use when filing your tax return to report gift taxes and generation-skipping tax exemptions.
Examples of Gift Tax Rules in Action Lets say you gave $117,000 to your mother in 2023 for her birthday. You would report $100,000 of the gift to the IRS, but federal tax law provides you with that unified gift and estate tax exemption ($12.92 million for tax year 2023) to offset any gift tax you may owe.
In Drake22 and prior, since the 709 return is part of the 1040 package, go to Setup Pricing 1040, and use the State/City drop down box. Within the list of available states, select GF - Gift Tax (709) to access the Pricing Setup for Gift Tax forms.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Gift Splitting Example Normally, your gift would be subject to that $18,000 limit, but you and your spouse decide to split the gift. You gift $15,000, and your spouse gifts $15,000. This means you can give him up to $30,000 without triggering that annual tax as long as you follow all required gift splitting rules.
To consent to split gifts, the donor must complete and file a federal gift tax return (Form 709), which the non-donor spouse must also sign, providing their consent to split gifts for the calendar year applicable to the gift tax return.
As mentioned above, the transfer of assets to a SLAT is a gift, so the grantor must file a federal gift tax return. Because his or her spouse is a beneficiary of the trust, gifts generally arent eligible for gift splitting where one-half of the gift is reported by each spouse.

Related links