topic Thank you in Get your taxes done using TurboTax

When filing a gift on the Federal Tax forms, what information is needed about the recipient?

gordonscrimger — Thu, 06 Jun 2019 13:47:46 GMT

on the individual tax return, gifts do not appear. So whe...

fanfare — Thu, 06 Jun 2019 13:47:48 GMT

on the individual tax return, gifts do not appear. So where were you planing to list this ?

The below does answer my question. Does this mean I can’...

gordonscrimger — Thu, 06 Jun 2019 13:47:51 GMT

The below does answer my question. Does this mean I can’t use turbotax to file taxes if I gave a gift? or can form 709 be attached to turbo tax before filing?

The below does answer my question. Does this mean I can’...

gordonscrimger — Thu, 06 Jun 2019 13:47:51 GMT

The below does answer my question. Does this mean I can’t use turbotax to file taxes if I gave a gift? or can form 709 be attached to turbo tax before filing?

TurboTax does not provide or support form 709. You do no...

xmasbaby0 — Thu, 06 Jun 2019 13:47:53 GMT

TurboTax does not provide or support form 709. You do not include it with your income tax return. You can get the form from the IRS: <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f709.pdf">https://www.irs.gov/pub/irs-pdf/f709.pdf</a>

The gift tax return is a separate tax return. You can st...

DoninGA — Thu, 06 Jun 2019 13:47:54 GMT

The gift tax return is a separate tax return. You can still file your personal tax return, Form 1040, using TurboTax.

Thank you

gordonscrimger — Thu, 06 Jun 2019 13:47:57 GMT

Thank you

A gift given to an individual is not reported on a federa...

DoninGA — Thu, 06 Jun 2019 13:47:58 GMT

A gift given to an individual is not reported on a federal tax return. A gift received from an individual is not reported on a federal tax return, regardless of the amount received.

If the gift given is $14,000 or more to a single individual then you have to complete and file a Form 709 Gift Tax return. There will be no taxes owed on the gift if your total gifts given in a lifetime are less than $5.45 million.

TurboTax does not support IRS Form 709