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Get your taxes done using TurboTax
I am not certain if there is some sort of misconception here but, for what it is worth, only individuals file gift tax returns; entities, such as estates, do not file gift tax returns (Form 709).
Further, if you inherit cash or property through a will or intestacy, or it passes to you by operation of law upon death of another (e.g., joint tenancy), then no gift tax return is required to be filed.
‎February 18, 2020
6:53 PM