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LEGACY GIFT NOTIFICATION FORM Thank you for your future gift commitment to the Seattle Symphony! By leaving a gift in your estate plans to the Seattle Symphony, you are preserving the beauty of symphonic music,

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What is gifts that cost you?

Gifts that cost you refer to any monetary or non-monetary gifts given that exceed the annual exclusion limit set by tax authorities, which can affect your tax obligations.

Who is required to file gifts that cost you?

Any individual who makes gifts that exceed the annual exclusion limit must file a gift tax return, regardless of whether the gift is taxable or not.

How to fill out gifts that cost you?

To fill out gifts that cost you, you need to complete IRS Form 709, providing details about the gifts given, their value, the recipient, and any applicable deductions or exclusions.

What is the purpose of gifts that cost you?

The purpose of gifts that cost you is to report and potentially tax large gifts given to individuals, ensuring compliance with tax laws and regulations.

What information must be reported on gifts that cost you?

Information that must be reported includes the donor's and recipient's details, the date and value of the gift, and any applicable exclusions or deductions.

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