I gifts each of my children $30,000 in mutual funds in 2023. My wife gifted nothing in 2023.
I believe I am required to file IRS form 709 so that my wife can officially consent to having 1/2 of the gifts to be considered to be by her for tax purposes. The form has many sections which I do not believe I need to fill out since we have the $17,000 gift exclusion for 2023. Am I correct, or alternatively how should I fill out the 709 form?
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