PAY COLEGE TUITION FOR GRANDON WHO DOES NOT FILE TAXES AND NOT MY DPENDENT

pnc246 · ‎June 6, 2019

xmasbaby0 · ‎June 6, 2019

That was really generous of you. Unfortunately, it is not deductible for you, since he is not your dependent. Gifts given to indivuduals are not deductible. I kind of hate to say this but if you gave him over $14,000 you need to fill out a 709 gift tax form--although the gift will not be taxed.

Turbo Tax does not support the gift tax form 709, but here is a link:

https://www.irs.gov/pub/irs-pdf/f709.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎June 6, 2019

That was really generous of you. Unfortunately, it is not deductible for you, since he is not your dependent. Gifts given to indivuduals are not deductible. I kind of hate to say this but if you gave him over $14,000 you need to fill out a 709 gift tax form--although the gift will not be taxed.

Turbo Tax does not support the gift tax form 709, but here is a link:

https://www.irs.gov/pub/irs-pdf/f709.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

PAY COLEGE TUITION FOR GRANDON WHO DOES NOT FILE TAXES AND NOT MY DPENDENT