Im married I gifted a property which is assesed for 34,000 to my son and daughter in law do I have to file a form 709

Im married I gifted a property assessed at 34,000 to my son and daughter in law do i have to file a form 709

correct since th egift amt exceeds $28K; A split gift permits the $14kannual gift tax exclusion per recipient to effectively be $28k per recipient when the gift originates from a married couple

So my answer is yes i do have too?

as mentioned above; yes you need to file form 709 with the IRS

I thought I could give 14,000 to my son and 14,000 to my daughter in law and then my wife could give 14,000 to my son and 14,000 to my daughter in law equals to 56,000 or because its gift splitting I have to file the 709 Im sorry for all the questions but this 709 form is very confusing

correct in this case no you do not need to file form 709 with the IRS

Thank You very much for your help very much aprreciated

Good luck~~