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Join the Athletic Booster Club Today! Tell us about yourself: Alumni Parent* Parent of Alumni Staff/Coach Friend of Strive to a Parent, Alumni or Friend of St. VM Athletics The St. Vincent St. Mary

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What is give to a parent?

Give to a parent refers to a financial contribution or gift made by an individual to their parent, which may have tax implications.

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Individuals who make significant gifts to their parents that exceed the annual gift tax exclusion amount are required to file.

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To fill out give to a parent, one typically needs to complete IRS Form 709 and provide details of the gift including the amount, recipient information, and any applicable gift tax exclusions.

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The purpose of giving to a parent may include financial support, estate planning, or providing gifts that enhance their quality of life.

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Information that must be reported includes the amount of the gift, the date of transfer, the recipient's information, and any relationship to the donor.

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