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Get your taxes done using TurboTax
The total amount of gifts given in a year to a single individual cannot be more than $17,000 in 2023 ($18,000 in 2024). If the gifts given are over that amount then the giver of the gift is required to file a Form 709 with the IRS.
TurboTax does not support Form 709.
‎April 5, 2024
7:55 AM