how to fill out schedule A for form 709 gifting

Forum|Forum|1 year ago
February 18, 2025
1 reply
0 views

Hi All, confused by form 709 re gifting my son on excess of $18,000 gift in 2024. Form 709 asks in part ll tax computation section 1. enter the amount from schedule A , Part 4 , line 11. But that section is for gifting to charities. I gifted my son $28,000 in 2024. But it seems that schedule A doesn't address gifting to another person only charities yet form 709 references schedule A.

I understand the standard exclusion for 2024 is $18,000 which results in a net gift for reporting purposes of $10,000. So do I ignore section part ll of form 709and fill out page 1, page 3 and schedule B as I have previously gifted my daughter money in excess of the standard exclusion about 5 yrs ago then just mail in form 709 just filling out page 1, page 3 and schedule B and mail to the IRS skipping the charity section and nothing else needs to be filled out in my actual tax return including schedule A ?

Thanks for any help

M-MTax

I've prepared quite a few of these forms and you have me thoroughly confused.

Why do you believe Schedule A is strictly for charitable gifts? It is definitely not. In the event you are trying to prepare the form manually, you can go ahead and give it your best shot, but you would be well advised to use tax preparation software, such as that listed below (or have the return professionally prepared).

https://www.puritas-springs.com/product-category/federal

nofanAuthor

I don't think you read my question correctly, i do reference form 709 part ll asking about Schedule A part 4 line 11 but clearly my son isn't a charity which is the heading of that section. I also reference Im using turbo tax deluxe for filing in the dropped down box, Instead of giving my static , you could tell me how you dealt with the issue that you have said you have done so many times.

M-MTax

@nofan wrote:
I also reference Im using turbo tax deluxe for filing in the dropped down box.......

What does Turbotax Deluxe have to do with anything? Turbotax does NOT support Form 709 in any way, shape or form. Are you referring to Schedule A in Form 1040?

Also, Part II of Form 709 is the tax computation section (where you should owe nothing) and has nothing to do with charitable gifts.

Here's the relevant section (Part 1) of Schedule A in Form 709.