topic How do i file gift tax return with turbo tax in Get your taxes done using TurboTax

How do i file gift tax return with turbo tax

egeresy — Mon, 03 Jun 2019 17:41:55 GMT

Does Turbo Tax have the capability to complete gift tax irs form

Unfortunately, you won't be able to file a Gift Tax Retur...

ChelsiE2 — Mon, 03 Jun 2019 17:41:57 GMT

Unfortunately, you won't be able to file a Gift Tax Return with TurboTax. A Gift Tax return should be filed separately from your personal income tax return as it has no effect on taxation at the individual level.

The IRS provides Form 709 and Instructions here:

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

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

Form 709 is not an income tax form and Turbotax does not...

jerry2000 — Mon, 03 Jun 2019 17:41:59 GMT

Form 709 is not an income tax form and Turbotax does not support it. You can get the form and the instructions for it for free from the IRS web site, at this link:
http://apps.irs.gov/app/picklist/list/formsPublications.html;jsessionid=j6pAih2A4S7pnn+FIt3f7A__?value=709&criteria=formNumber&submitSearch=Find

TurboTax does not support the IRS Form 709 for a gift tax...

DoninGA — Mon, 03 Jun 2019 17:42:00 GMT

TurboTax does not support the IRS Form 709 for a gift tax return.

See this IRS website for Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf

See this IRS website for Form 709 instructions - https://www.irs.gov/pub/irs-pdf/i709.pdf

Re: Unfortunately, you won't be able to file a Gift Tax Retur...

r111-000 — Sat, 24 Apr 2021 18:53:11 GMT

I understand that TurboTax does not support Form 709. But I have to show it on Form 1090, line 11. How do I do that? The individual schedules do not come up with TurboTax.

Re: Unfortunately, you won't be able to file a Gift Tax Retur...

VolvoGirl — Sat, 24 Apr 2021 19:02:58 GMT

You mean 1040 line 11 for Adjusted Gross Income? Why? Gifts given or received don't go on your personal tax return.

Re: Unfortunately, you won't be able to file a Gift Tax Retur...

r111-000 — Sat, 24 Apr 2021 19:07:18 GMT

Thank you.

Re: Unfortunately, you won't be able to file a Gift Tax Retur...

boogiebad007 — Fri, 07 May 2021 09:21:24 GMT

A small clarification, Turbo Tax ProSeries will let you prepare Form 709, as well as Form 1041

Re: How do i file gift tax return with turbo tax

rajmathur — Sun, 17 Apr 2022 17:48:08 GMT

Just to re-ask for clarification: If I use TurboTax Premier, does that have form 709 to file gift tax return? And, does it include the form as part of e-file?

Raj

Re: How do i file gift tax return with turbo tax

LeonardS — Sun, 17 Apr 2022 18:01:01 GMT

No, TurboTax does not support IRS Form 709. Form 709 is not filed with your federal tax return, it is a separate filing that has to be printed and mailed to the IRS using the address in the Form 709 instructions.

Re: How do i file gift tax return with turbo tax

DoninGA — Sun, 17 Apr 2022 18:01:39 GMT

@rajmathur wrote:

Just to re-ask for clarification: If I use TurboTax Premier, does that have form 709 to file gift tax return? And, does it include the form as part of e-file?

Raj

TurboTax does not support the IRS Form 709 for a gift tax return.

See this IRS website for Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf

See this IRS website for Form 709 instructions - https://www.irs.gov/pub/irs-pdf/i709.pdf