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Tax Law (Questions About Taxes)/Gift tax form 709, splitting


My wife and I gave our daughter who is in graduate school a monthly allowance for paying rent, buying food, etc. The allowance was worth about $16,000 in 2012.

What values would you put into the columns of Form 709 for me, and then for my wife?

Thank you.

Charlie A.


Thanks for your question.

Based on your description, you appear to have given her a cash amount.  The actual amount of cash that you gave her would be reported on the Form 709.

However, since it is only $16,000 you can elect gift splitting, making the gift $8,000 each.  Since that is below the $13,000 annual exclusion amount, you do not have to file a gift tax return.

Hope this helps.

John Stancil, CPA

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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