Top Questions about Missouri Gifts
The purpose of filing a Gifts Missouri form is to report any gifts or transfers of property made by a Missouri resident to another individual or entity within a specified timeframe.
Missouri residents who have made gifts or transfers of property totaling more than the allowed exemption amount during a specific calendar year are required to file a Gifts Missouri form.
You can obtain a Gifts Missouri form by visiting the official website of the Missouri Department of Revenue or by contacting their local office. The form is readily available for download or can be requested by mail.
The Gifts Missouri form typically requires information such as the donor's name, address, Social Security number, the recipient's name, relationship to the donor, a description of the gifted property, its appraised value, and the date of the transfer.
The Gifts Missouri form must be filed within 30 days after making the gift or transfer. It is important to submit the form promptly to avoid penalties or late filing fees.
