Trying to help my Dad out, simple 1040 non-itemized return for his retirement income. That’s is all done but he gifted some cash to my brother and I that broke the $15K mark so needs to do a 709.

I am pretty sure I have it figured out, but would like to clarify one point to be sure before sending it in.

Please email if you can answer 1-2 basic questions on the process.

Thanks in advance...

I don't know anything about it...but yesterday a caller to Dave Ramsey's show said his dad was gifting him $50k. Ramsey told him there was a form to file where declare something like it is a gift from the estate "unified estate tax credit."

https://www.daveramsey.com/askdave/taxes?page=6

quote:

Originally posted by Strambo:
... Ramsey told him there was a form to file where declare something like it is a gift from the estate...

Yes there is - that would be form 709...

Did he gift him via cash or check?