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! Required information [The following information applies to the questions displayed below.] Brad and Angelina are a wealthy couple who have three children, Fred,
! Required information [The following information applies to the questions displayed below.] Brad and Angelina are a wealthy couple who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bridget, are from Brad's previous marriages. On Christmas this year, Brad gave each of the three children a cash gift of $10,000, and Angelina gave Lisa an additional cash gift of $40,000. Brad also gave stock worth $40,000 (adjusted basis of $10,000) to the Actor's Guild (an "A" charity). (Refer to Exhibit 25-1 and Exhibit 25-2.) b. Fill out parts 1 and 4 of Form 709 for Brad. (Use 2021 tax rules regardless of year on tax form.) Visit the IRS website and download Form 709. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."
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