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What would be your tax liability on gifts to 9 relatives of one million dollars each?
Wiki User
∙ 13y ago
You are the only one that would have all of the necessary information that will be needed when you prepare the IRS tax form 709 United States Gift (and Generation-Skipping Transfer) Tax Return??
To determine the answer that you need about your income tax liability for this 9 million dollar in gifts to your 9 relatives.
Go to the IRS gov web site and use the search box for the form 709
Click on the below related links
Wiki User
∙ 13y ago
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