Gift to children

Why is it that Turbo tax does not allow me to process $$$ gifts to the child? Instead, it sends me to a complex IRS form

Get your taxes done using TurboTax

TT is an INCOME tax program.  It does not support gift taxes.

Get your taxes done using TurboTax

Gifts are not reported in a tax return.

 

Gifts over $15,000 need to be reported on a separate 709 form.

 

https://www.irs.gov/pub/irs-pdf/i709.pdf

https://www.irs.gov/pub/irs-pdf/f709.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**