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GIFTS
Money that you receive as a gift is not taxable income to you, and you do not need to report it on your income tax return. Money that you gave as a gift to someone else is not deductible for your taxes.
Turbo Tax does not support the gift tax form 709, but here is a link:
https://www.irs.gov/pub/irs-pdf/f709.pdf
https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N
What was it for? You do not report gifts received on tax return.
It was just to help however, I know the banks inform the federal government / IRS because it is over $10K.
since you received it there's nothing for you to do. if that was the only amount that your uncle gifted you in a calendar year it is below the threshold for filing a gift tax. "Amount" includes all cash and all non-cash gifts if the total for 2019 or 2020 was less than the $15,000 threshold.
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