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Get your taxes done using TurboTax
You will need to be more specific. In general, gifts you receive are not reported on a tax return. Gifts are not taxable. But is your aunt giving you a very large amount of money? Depending on how much your aunt gives you, you might need to file a form 3520 for the gift from a person from a foreign country.
If the gift is over $100K you must file a 3520 form, which is not supported by TurboTax. That form has to be filed separately from your income tax return.
**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.**
‎January 4, 2024
5:35 PM