You do not need to report the gift on your federal income tax return (Form1040), but you do need to file a separate gift tax return (Fotm709).
See https://www.irs.gov/instructions/i709#en_US_2022_publink16784xd0e314
Note that you file Form 709 separately from your Form 1040 and TurboTax does not support Form 709.
