Trusts & Estates

Form 709: United States Gift (and Generation-Skipping Transfer) Tax Return

Used to report taxable gifts and allocate the generation-skipping transfer tax exemption when gifts exceed the annual exclusion amount.

Download Form 709 PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Individuals who made gifts exceeding the annual exclusion ($17,000 per recipient in 2023) or who need to allocate GST exemption.

Key Fields

  • Donor information
  • Donee information
  • Gift description
  • Gift value
  • Annual exclusion
  • Cumulative lifetime gifts

Filing Deadlines

Due Date

April 15

With Extension

October 15 (with extension for income tax return)

Late Filing Penalty

Failure-to-file penalty of 5% per month (up to 25%); interest on unpaid gift tax from due date.

Related Forms

Form 706

United States Estate (and Generation-Skipping Transfer) Tax Return

Form 1041

U.S. Income Tax Return for Estates and Trusts

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