Get your taxes done using TurboTax

No tax to pay (until you reach a ~$4M lifetime limit), but tax papers (Form 709) should be filed in most cases, by the giver, for amounts over $15,000 per year to any person . "In general. If you are a citizen or resident of the United States, you must file a gift tax return (whether or not any tax is ultimately due) in the following situations.