Form Instructions 709 ND 2024-2025

Form Instructions 709 ND: What You Should Know

Generation-Skipping Transfer) Tax Return. The U.S. Gift Tax is the amount of the gift tax (sometimes known as an estate or gift tax) that is owed on the sale of an estate. If you have any gifts with an adjusted gross income above 5,000, you're subject to the gift tax. Form 709 is to be filed each year by February 15 of the following year. The gift tax calculation is used to determine your capital gains and loss (CGT) liability on the sale of any appreciated capital assets after your death. There are also special rules that apply in situations where you give non-cash gifts and if you receive the gift in an amount that's over 15,000 (50,000 if you're a resident of Canada (as is generally the case for most expatriates), or 10,000 if you're a resident of the United States).   The following is a link to the 2025 IRS Form 709 Guide, which has more information on the gift tax rule changes for 2015. For more information, see Form 709: Form 709 for the Year Ending December 31, 2016, and Form 709: General Instructions for Form 709 for the Year Ending December 31, 2016. If you're not an expatriate, and you've received a non-cash gift that's greater than 15,000, or you have a dependent child not yet 25 (but under age 25), this amount is added to your income in the year of the gift, and subject to the U.S. gift tax. For more information, see the Forms 709 Instructions and Pub 1278, Report of Certain Gifts in Kind, for 2016. (The instructions tell you how to complete Form 709 for 2016.) Income from the gift of securities and investments (capital gains) (Form W-2G) and certain pension or annuity payments (Form W-2C) are subject to the gift tax. If you make these gifts, you might want to use these forms as an aid in figuring any capital gains. This page has helpful information about the gift tax on U.S. expatriates. For more information about U.S. expatriates and the gift tax, see “A U.S. Expat with a Child Who Spends Time in Canada for Adoption,” “A U.S.

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