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Reporting gift to dual citizen

  • 1.  Reporting gift to dual citizen

    Platinum Most Valuable Member
    Posted 12-02-2022 12:51 PM
    US taxpayer makes a 2022 gift to his adult child, who has both US and Israeli citizenship, lives full time in Israel.

    Gift is made directly to child's Israeli bank account.

    Other than preparing Form 709, are there other reporting requirements?

    Michael Jaffe CPA

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    Michael Jaffe
    CPA
    MICHAEL B. JAFFE, CPA PC
    Commack NY
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