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Get your taxes done using TurboTax
Form 709 is used to file a gift tax and it is sent separately from your federal return. For 2022 you were allowed to give up to $16,000 without having to file the form. There is a lifetime exclusion that your yearly gifts are applied against.
https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N
‎November 16, 2022
10:52 AM