lramkumar
Expert Alumni

Get your taxes done using TurboTax

Hi 

Yes.  Anytime you gift someone more than $17000/- in 2023, you have to file a gift tax return.

Here is a link to the IRS publications that may be useful:

https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-tax...