exceeding $19,000 gift limit

[Anonymous]

Why not just look at the form https://www.irs.gov/pub/irs-pdf/f709.pdf and instructions https://www.irs.gov/pub/irs-pdf/i709.pdf yourself and make your own decision.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Depends on your definition of "big deal." I had to pay an extra $1000 for my accountant to prepare the gift tax return when I gave me kid $150,000 for a down payment. I didn't expect that and it surprised and annoyed me. Apparently the return is a little complicated.

Your accountant ripped you off. I filed the form myself and it took five minutes...

And if OP is over the estate limit, paying $1000 to file a tax form is a rounding error anyway.