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Level 2
January 31, 2025
Question

2024 Gift Tax Return - Form 709

  • January 31, 2025
  • 8 replies
  • 19 views

For 2024, the "2024 Gift Tax Return" (Form 709) requires a "Notice of Consent" signed by the consenting spouse.  However, the 709 program has no such form.  It would be a great enhancement to the tax preparer if proseries development team had such a form already in the program.  Please consider this suggestion and have it available in the next update. Thank you, Pete Singer

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8 replies

Level 4
January 31, 2025

 I have been looking for the consent letter with no success. However , the  consent letter is in the modify tool, and does not link to the return

Thank you for your suggestion.
Susana370

Level 2
January 31, 2025

Where is modify tool ?

Level 4
January 31, 2025

Hi, When you open a client choose "Tools". Scroll down and check "edit standard letters"

Level 2
January 31, 2025

The "Notice of Consent" is not a letter, it is a statement that must be signed by a consenting spouse to split gifts.  Thank you for your help.  Pete

sjrcpa
Level 15
January 31, 2025
Level 3
February 10, 2025

Hello,

Are you discussing proseries professional?  I am looking for a way to generate Form 709 but no help from searches

Level 4
February 10, 2025

Hello,

If you are a ProSeries user, you have the option of downloading form 709

Level 2
February 18, 2025

The client letter to Form 709 says each spouse should "also sign and enter the date on this Form 709 in the Consenting Spouse's Signature are on line 18 of page 1."  I do not see this on the form, I only see Part III line 7 on page 2.  "you must attach a Notice of Consent".

I pulled up old 709 forms and don't see it on the old forms either.