The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Form 709 Gifts to a GST Trust||Date: 4/3/2012 10:24 PM|
|Author: IMBonzi||Number: 115818 of 118611|
I'm finding the instructions to Form 709 devilishly difficult to understand. I made a gift in excess of $13,000 to a GST Trust that continues for lives in being plus 21 years.
Should I fill out Schedule A parts 3 and 4?
There will be no gift splitting.
Assuming no prior gifts, I then skip to Schedule C. Do I just fill out Part 2 on Schedule C?
Is there anything else I have to do?
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|