Get the free 2001 Instructions for Form 709 - Uncle Fed's Tax*Board

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PAGER/SGML Page 1 of 12 Use rid: Filed: I709.SGM (19-Nov-2001) Leading adjust: 100% Instructions for Form 709 (Unit. & date) Ok to Print 11:10 19-NOV-2001 The type and rule above prints on all proofs

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What is instructions for form 709?

Form 709 is used to report transfers of property by gift and determine the amount of tax due on those transfers.

Who is required to file instructions for form 709?

Any US citizen or resident who gives gifts totaling more than the annual gift exclusion to another individual must file Form 709.

How to fill out instructions for form 709?

To fill out Form 709, you need to provide information about the gift, the donor, and the recipient. This includes details such as the fair market value of the gift, any deductions and exclusions claimed, and the relationship between the donor and recipient.

What is the purpose of instructions for form 709?

The purpose of Form 709 is to ensure the accurate reporting of gifts made during the tax year and to calculate any gift tax owed.

What information must be reported on instructions for form 709?

Form 709 requires information about the donor, the recipient, the property transferred, and any deductions or exclusions claimed. This includes details such as names, addresses, relationship, fair market value, and basis of the gifted property.

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