You can gift up to $14,000 to any single individual in a year without have to report the gift on a gift tax return. If your gift is greater than $14,000 then you are required to file a Form 709 Gift Tax Return with the IRS. However, if your total gifts given in your lifetime are less than $5.45 million there will be no gift taxes assessed.
The receiver of the gift does not report the gift on their tax return, regardless of the amount received.
TurboTax does not support IRS Form 709
IRS Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf
IRS Form 709 instructions - https://www.irs.gov/pub/irs-pdf/i709.pdf
