2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return-2025

See details

4.2 out of 5

58 votes

Form 709 is the United States Gift (and Generation-Skipping Transfer) Tax Return for the calendar year 2024, used by donors to report gifts made during the year and calculate any applicable gift taxes. The form includes sections for general information about the donor, tax computation, spousal consent for gift splitting, and detailed schedules for reporting taxable gifts and generation-skipping transfers. It also provides instructions for claiming deductions and credits related to prior gifts and deceased spouses.

Here's how it works

01. Edit your form 709 online

Type text, add images, blackout confidential details, add comments, highlights and more.

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

Send irs gift limit 2024 via email, link, or fax. You can also download it, export it or print it out.

How to edit 2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Adjusting documents with our comprehensive and intuitive PDF editor is straightforward. Make the steps below to fill out 2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return online easily and quickly:

Log in to your account. Sign up with your email and password or create a free account to try the product before choosing the subscription.
Import a document. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit 2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return. Effortlessly add and underline text, insert images, checkmarks, and symbols, drop new fillable areas, and rearrange or delete pages from your paperwork.
Get the 2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to promptly manage your documentation online!

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.

Which of the following situations would require the filing of Form 709?

The following individuals are generally required to file Form 709: Donors who have made gifts exceeding the annual exclusion limit: If you have given gifts to any one individual that total more than the annual exclusion limit for the tax year, you must file Form 709.

What happens if form 709 is not filed?

The IRS also has the right to assess other penalties or interest for all of the years from the date of the gift tax filing to the current date, if the IRS Form 709 was not filed. For this reason, Form 709 has a section to report non-gift transactions.

Do I really need to file form 709?

Generally, Form 709: U.S. Gift (and Generation-Skipping Transfer) Tax Return is required if any of the following apply: An individual makes one or more gifts to any one person (other than his or her citizen spouse) that are more than the annual exclusion for the year.

What happens if you dont report gifted money?

No, you do not have to report money you receive as a gift as income. While any gift may be taxable, the recipient of the gift does not have to pay the gift tax. And the person who gives you the gift only needs to file a gift tax return if its more than the $18,000 annual exclusion.

What is United States gift and generation-skipping transfer tax return?

The federal estate tax applies to the transfer of property at death. The gift tax applies to transfers made while a person is living. The generation-skipping transfer tax is an additional tax on a transfer of property that skips a generation.

irs form 709 2024

IRS Form 709 for 2024 IRS Form 709 for 2024 PDF Form 709 instructions IRS Form 709 instructions 2024 IRS Form 709 filled out example IRS Form 709 PDF IRS Form 709 download Form 709 2023

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is the gift tax exclusion for 2024?

The annual gift exclusion for 2024 is $18,000. See Annual Exclusion, later. For gifts made to spouses who are not U.S. citizens, the annual exclusion has increased to $185,000.

What triggers a gift tax audit?

What Can Trigger a Gift or Estate Tax Audit? Here are some of the common factors that can lead to gift or estate tax audits: Total estate and gift value: Generally speaking, gift and estate tax returns are more likely to be audited when there are taxes owed and the size of the transaction or estate is relatively large.

How to avoid Form 709?

Unless you made a taxable gift valued at more than $18,000 to an individual or entity in 2024 or more than $19,000 in 2025, you dont need to fill out Form 709. If you did, you may just need to report the gift.

2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return-2025

Here's how it works

How to edit 2024 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return in PDF format online

Complete this form in 5 minutes or less

Got questions?

Which of the following situations would require the filing of Form 709?

What happens if form 709 is not filed?

Do I really need to file form 709?

What happens if you dont report gifted money?

What is United States gift and generation-skipping transfer tax return?

Complete this form in 5 minutes or less

People also ask

What is the gift tax exclusion for 2024?

What triggers a gift tax audit?

How to avoid Form 709?

irs form gift tax

Try more PDF tools