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URL:  http://boards.fool.com/but-probably-the-simplest-way-for-someone-who-30726263.aspx

Subject:  Re: gift tax Date:  6/9/2013  8:39 PM
Author:  Wradical Number:  118666 of 121061

But probably the simplest way for someone who doesn't have a large net worth is to use the "unified credit" - which lets you give away in life up to $1.7M, although it counts against what you can give away when you die - see form 709 as has already been suggested.
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Where is the $1.7M coming from? The unified credit of $2,045,000 is the equivalent of a combined lifetime gift-estate exemption $5,250,000.

Other than that, I agree. Gifts over $14,000/yr to a done will require the filing of a gift tax return, but that's not such a big deal. You just use up some of the exempt amount.

Bill
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