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Note: This problem is for the 2020 tax year. Natalie Bryan, a single adult who lives at 425 Flathead Way, Kalispell, Montana 59901, has

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Note: This problem is for the 2020 tax year. Natalie Bryan, a single adult who lives at 425 Flathead Way, Kalispell, Montana 59901, has three adult children (Daniel Bryan, Amanda Green, and Samantha Cruz). During the year, Natalie makes the following gifts to the children. To Daniel. Office building in Helena acquired in 2011 at a cost of $900,000, current value $1,900,000. .To Amanda. Rental cabins in Whitefish inherited in 2009 (value $1,000,000) from her father, current value $1,800,000. To Samantha. Vacation lodge on Flathead Lake acquired in 2015 at a cost of $800,000, current value $1,900,000. Required: Prepare a 2020 gift tax return (Form 709) for Natalie (Social Security number 123-45-6787) to compute the total taxable gifts (line 3) for her; stop with line 3 of page 1, but complete pages 2 and 3 of the return. Natalie made no taxable gifts in prior years. Enter all amounts as positive numbers. If required, round amounts to the nearest dollar. Make realistic assumptions about any missing data. Complete Form 709 for Natalie. Form 709 Department of the Treasury Internal Revenue Service United States Gift (and Generation-Skipping Transfer) Tax Return OMB No. 1545-0020 Go to www.irs.gov/Form709 for instructions and the latest information. (For gifts made during calendar year 2020) 1 Donor's first name and middle initial Natalie 4 Address (number, street, and apartment number) 425 Flathead Way See instructions. 2 Donor's last name. Bryant 2020 3 Donor's social security number 123-45-6787 5 Legal residence (domicile) USA

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