Gift tax to sibling?

sharn001

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

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.

duaneajangula

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.