Fill Out IRS Form 709: Gift & Generation-skipping Transfer Tax Return
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What is Form 709?
Form 709 is the U.S. Gift and Generation-Skipping Transfer (GST) Tax Return. It is required when an individual makes gifts above the IRS annual exclusion limit ($18,000 per recipient for 2024) or transfers assets that may be subject to GST.
Who needs to file Form 709?
When is Form 709 due?
What information is required?
Why is Form 709 important?
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