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...... Nov 2 J 1999. Millennium musings Holiday festivitiesOPage 3OPage 24Gift Guide l i II.II houses more identifiable to students. Board members hope the smaller environments will increase learning The
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The give form gift of refers to IRS Form 709, which is used to report gifts that exceed the annual exclusion limit.
Individuals who give gifts exceeding the annual exclusion amount ($17,000 for 2023) to any person must file Form 709.
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The purpose of Form 709 is to report taxable gifts and to track the lifetime gift tax exemption for the donor.
Form 709 requires information about the donor, the recipient(s), the value of the gifts, any deductions, and any split gifts involving a spouse.
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