I am completing form 709 Gift tax. Throughout 2018 I have given gifts to the same person (foreign) there are many small gifts done through...

Answer

Customer

I am completing form 709 Gift tax. Throughout 2018 I have given gifts to the same person (foreign) there are many small gifts done through remittance companies. Likely 30 or more. Do I have to list them all individually or can I just total them on the form?

Last updated 4/8/2019

Barbara Blacklidge

Tax Preparer

Welcome to Expert Help.  My name is Barbara, I am an Enrolled Agent credentialed by the IRS, and will be happy to assist you.

 

Form 709 is required for gifts to any one individual over $15,000.  If you made multiple gifts to the same individual which total more than $15,000, you do not list each gift individually.

Posted 4/8/2019

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