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Gift tax to sibling?

sharn010

Hello, I would like to gift 100K to my brother for purchase of a home. How would I report this to the IRS?

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CoryF

Hello.

You need to file a Form 109 Gift Tax return with the IRS. The link will have appropriate instructions for how to fill it out.

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CoryF

Hello.

You need to file a Form 109 Gift Tax return with the IRS. The link will have appropriate instructions for how to fill it out.

duaneaj-anglau

The form number in prior post is in correct. It is form 709.

CoryF

Thank you for observing my typo. Yes, the Gift Tax return is Form 709.

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