- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
There is no tax on a gift that you give to another person. However, if the gift is more than $14,000, you must file a gift tax return form 709 and report the gift. The excess counts against your lifetime gift limit of $5,490,000 for 2017. TurboTax does not support form 709. You can download it from the IRS: https://www.irs.gov/forms-pubs
‎June 4, 2019
7:21 PM