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Get your taxes done using TurboTax
Form 709 is a complicated form that is usually prepared by tax lawyers or accountants. TurboTax does not have software to prepare this form either online or with CD/Download.
If you made a gift of more than $17,000 to your daughter in 2023 then you would have to file a Form 709 in 2023 to reduce your lifetime exclusion amount which in 2023 is $12.92 million dollars.
See Form 706 changes in What's New - Estate and Gift Tax.
Learn more about the gift tax at The Gift Tax Made Simple.
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‎February 6, 2023
4:21 PM