Education

That was really generous of you.  Unfortunately,  it is not deductible for you, since he is not your dependent.  Gifts given to indivuduals are not deductible.   I kind of hate to say this but if you gave him over $14,000 you need to fill out a 709 gift tax form--although the gift will not be taxed.

Turbo Tax does not support the gift tax form 709, but here is a link:

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post