topic Should I report a cash gift form my parents abroad which I partially transferred to my brother? in Get your taxes done using TurboTax

Should I report a cash gift form my parents abroad which I partially transferred to my brother?

Siar — Tue, 10 Feb 2026 09:20:54 GMT

Last year I recieved just a couple of hundred dollars short of $100k from my parents (not US citizens - living abroad), and transferred around half of that to my brother (who is a US citizen).

1- Should I report the just-under-$100k gift to IRS?
2 - Should I report the portion of the gift I transferred to my brother (which is over the annual limit)? Techinically, it is money from my parents, but it went through my bank account.

3 - If I should report the gift to my brother, is there a way to include the form 709 in my turbotax return?

Re: Should I report a cash gift form my parents abroad which I partially transferred to my brother?

DoninGA — Sun, 28 Jan 2024 00:36:59 GMT

Since the gift amount from the foreign person was less than $100,000 you do not file an IRS Form 3520 for the gift received.

The funds you transferred to your brother from your account would be a gift. As the amount given was over the exclusion amount of $18,000 you are required to report the gift given on IRS Form 709.

An IRS Form 709 is not filed with a federal tax return. It is mailed separately to the IRS and due on the same date as the tax return. on or before April 15, 2024. The address on where to mail is in the 709 instructions.

TurboTax does not support Form 709.

Go to this IRS website for the Form 709 - https://www.irs.gov/forms-pubs/about-form-709

Re: Should I report a cash gift form my parents abroad which I partially transferred to my brother?

Mike9241 — Sun, 28 Jan 2024 00:38:46 GMT

1- Should I report the just-under-$100k gift to IRS?

as long as the gifts from your parents for the year were less than $100,000 it does not need to be reported.

2 - Should I report the portion of the gift I transferred to my brother (which is over the annual limit)? Techinically, it is money from my parents, but it went through my bank account.

it would seem you should file a gift tax return for the 1/2 you gave your brother

3 - If I should report the gift to my brother, is there a way to include the form 709 in my turbotax return?

Turbotax does not do form 709.