Gifts given to an individual is not reported on tax return. Gifts received are not reported on tax return, regardless of the amount received.
If the value of the gift is over $18,000 then you will have to report the gift give on an IRS Form 709. There will not be any taxes assessed on the gift if the total of all gifts ever given is less than $13,61 million.
Go to this IRS website for the Form 709 - https://www.irs.gov/forms-pubs/about-form-709
The Form 709 is not part of your federal tax return. The form 709 must be completed and mailed to the IRS using the address that is in the form 709 instructions.
TurboTax does not support Form 709
