This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Be specific and personal: When writing a gift letter, it is important to be specific and personal. Mention the gift you are giving and why you chose it. If possible, explain how the gift will benefit the recipient.
Use Form 709 to report: Transfers subject to the federal gift and certain generation-skipping transfer (GST) taxes.
In general, a gift letter should include details about the donor, the recipient, the amount of the gift, and the purpose of the gift. It's also important to note that gift letters should be signed and dated by both the donor and the recipient.
How Do I Write a Gift Letter? The donor's name, address and phone number. The donor's relationship to the client. The dollar amount of the gift. The date when the funds were (or will be) transferred. A statement from the donor that no repayment is expected. The donor's signature.
Your lender may provide you with a gift letter template. If that's the case, you can simply pass it along to the gift giver and have them fill it out. If the lender doesn't provide you with a gift letter template, be sure to verify the gift letter requirements.