I should have also mentioned that if the giver of the gift is a US person, citizen or resident, then they are required to report the gift given to the IRS if the amount of the gift given to a single individual is greater than $14,000.
They use IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. TurboTax also does not support IRS Form 709.
Form 709 is separate from a federal tax return and is also mailed separately to the IRS. There will be no taxes owed on the gift given if the person has not given over $5.49 million in total gifts.
IRS Form 709 - <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/f709.pdf">https://www.irs.gov/pub/irs-pdf/f709.pdf</a>
IRS Form 709 instructions - <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/i709.pdf">https://www.irs.gov/pub/irs-pdf/i709.pdf</a>
