More Form 709 Tutorials:
Simple Example for Cash Gifts 2023: [ Ссылка ]
Gift of Publicly Traded Stock: [ Ссылка ]
Section 529 Plan Contributions: [ Ссылка ]
Charitable Contributions: [ Ссылка ]
Split Gifts Married Couples: [ Ссылка ]
Prior Period Gift Reconciliation: [ Ссылка ]

The IRS Form 709 is filed by U.S. individuals to report taxable gifts made during the tax year.

Gifting real estate property will be a reportable taxable gift if the value of the real estate exceeds the annual exclusion. If real property is gifted, the donor should obtain a qualified appraisal report to determine the fair market value (FMV) of the property. The appraisal report should be included with Form 709 as an exhibit.

In this example, we look at a donor who gifted real estate property to her daughter. The donor obtained an appraisal report and reported the taxable gift on Form 709.

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