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Get your taxes done using TurboTax
Yes, you would have to file a Form 709 for any gift given to a single individual if the amount of the gift given during the tax year is $15,000 or more.
Gifts given or received are not reported on a personal federal tax return, Form 1040.
TurboTax does not support IRS Form 709
IRS Form 709 - https://www.irs.gov/forms-pubs/about-form-709
‎July 3, 2020
4:05 PM