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    <title>topic Re: IRS Form 709 in Get your taxes done using TurboTax</title>
    <link>https://ttlc.intuit.com/community/taxes/discussion/re-irs-form-709/01/3387679#M1246771</link>
    <description>&lt;P&gt;Gifts given to family members, friends or other individuals are not deductible. &lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;If your gift exceeds the yearly limit ($17,000 per individual)&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &amp;nbsp; &lt;/SPAN&gt;In 2024 that yearly limit will increase to $18,000.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;TurboTax does not support Form 709.&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;It is not an income tax form and would not be included as part of an income tax return.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Here is a link to the form:&lt;/P&gt;
&lt;P&gt;&lt;SPAN&gt;&lt;A href="https://www.irs.gov/pub/irs-pdf/f709.pdf" target="_blank"&gt;https://www.irs.gov/pub/irs-pdf/f709.pdf&lt;/A&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;A href="https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N" target="_blank"&gt;https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N&lt;/A&gt;&lt;/P&gt;</description>
    <pubDate>Sat, 14 Sep 2024 21:43:59 GMT</pubDate>
    <dc:creator>xmasbaby0</dc:creator>
    <dc:date>2024-09-14T21:43:59Z</dc:date>
    <item>
      <title>IRS Form 709</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/irs-form-709/01/3387667#M1246769</link>
      <description>&lt;P&gt;Will TurboTax 2024 support IRS Form 709.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Wed, 11 Feb 2026 10:32:56 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/irs-form-709/01/3387667#M1246769</guid>
      <dc:creator>keith1m</dc:creator>
      <dc:date>2026-02-11T10:32:56Z</dc:date>
    </item>
    <item>
      <title>Re: IRS Form 709</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-irs-form-709/01/3387669#M1246770</link>
      <description>&lt;P&gt;It is highly unlikely that TurboTax would support IRS Form 709 since it is not part of a personal tax return.&amp;nbsp; It has to be filed separately from the Form 1040 and mailed to a different address than the Form 1040.&lt;/P&gt;</description>
      <pubDate>Sat, 14 Sep 2024 21:22:47 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-irs-form-709/01/3387669#M1246770</guid>
      <dc:creator>DoninGA</dc:creator>
      <dc:date>2024-09-14T21:22:47Z</dc:date>
    </item>
    <item>
      <title>Re: IRS Form 709</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-irs-form-709/01/3387679#M1246771</link>
      <description>&lt;P&gt;Gifts given to family members, friends or other individuals are not deductible. &lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;If your gift exceeds the yearly limit ($17,000 per individual)&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &amp;nbsp; &lt;/SPAN&gt;In 2024 that yearly limit will increase to $18,000.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;TurboTax does not support Form 709.&lt;SPAN class="Apple-converted-space"&gt;&amp;nbsp; &lt;/SPAN&gt;It is not an income tax form and would not be included as part of an income tax return.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Here is a link to the form:&lt;/P&gt;
&lt;P&gt;&lt;SPAN&gt;&lt;A href="https://www.irs.gov/pub/irs-pdf/f709.pdf" target="_blank"&gt;https://www.irs.gov/pub/irs-pdf/f709.pdf&lt;/A&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;A href="https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N" target="_blank"&gt;https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N&lt;/A&gt;&lt;/P&gt;</description>
      <pubDate>Sat, 14 Sep 2024 21:43:59 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-irs-form-709/01/3387679#M1246771</guid>
      <dc:creator>xmasbaby0</dc:creator>
      <dc:date>2024-09-14T21:43:59Z</dc:date>
    </item>
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