Question $1$ of $5.$

Which of the following taxpayers is required to file Form $709?$

Gerald gave his wife charoline, a piece of art purchased at auction for $$1\mathrm{.}2$ million. The art was later appraised for $$1\mathrm{.}5$ million. Both Gerald and Caroline are U$.$ $$.$ citizens.

Lucas purchased a $$39,500$ car for his wife, Claudia. The car was titled in Claudia's name solely. Lucas is a U$.$S$.$ citizen, and Claudia is a citizen of Germany.

William gave his wife, Sandra, a diamond necklace valued at over $$20,000.$ William and Sandra are both U S citizens.

Mark for follow up