Does Turbotax prepare a Fporm 709 on Gift Tax

jacobys-belmont — Mon, 19 Aug 2019 21:04:05 GMT

Re: Does Turbotax prepare a Fporm 709 on Gift Tax

Hal_Al — Mon, 19 Aug 2019 22:35:20 GMT

No.

Re: Does Turbotax prepare a Fporm 709 on Gift Tax

xmasbaby0 — Tue, 20 Aug 2019 01:12:47 GMT

Money that you receive as a gift is not taxable income to you, and you do not need to report it on your income tax return. Money that you gave as a gift to someone else is not deductible for your taxes.

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

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

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

https://www.forbes.com/sites/ashleaebeling/2017/10/19/irs-announces-2018-estate-and-gift-tax-limits-11-2-million-per-couple/#3226e75d4a4b

topic Does Turbotax prepare a Fporm 709 on Gift Tax in Get your taxes done using TurboTax

Does Turbotax prepare a Fporm 709 on Gift Tax

Re: Does Turbotax prepare a Fporm 709 on Gift Tax

Re: Does Turbotax prepare a Fporm 709 on Gift Tax