https://ttlc.intuit.com/community/taxes/discussion/re-monetary-gifts-2021/01/2418592#M918856 <P>This does not impact your taxes. There is no place to enter the gift on your tax return as you do not need to report the money.</P> <P>&nbsp;</P> <P>The giver of the monetary gift may need to file a Form 709 Gift Tax if the&nbsp; amount given was over $15,000.</P> Wed, 26 Jan 2022 18:34:27 GMT PattiF 2022-01-26T18:34:27Z https://ttlc.intuit.com/community/taxes/discussion/monetary-gifts-2021/01/2418448#M918855 <P>In 2021 I received 2 monetary gifts from 2 people. I've been told this impacts their taxes, how would this impact my taxes? Where do I enter this in TurboTax?</P> Wed, 26 Jan 2022 18:13:39 GMT https://ttlc.intuit.com/community/taxes/discussion/monetary-gifts-2021/01/2418448#M918855 Isabella_27 2022-01-26T18:13:39Z https://ttlc.intuit.com/community/taxes/discussion/re-monetary-gifts-2021/01/2418592#M918856 <P>This does not impact your taxes. There is no place to enter the gift on your tax return as you do not need to report the money.</P> <P>&nbsp;</P> <P>The giver of the monetary gift may need to file a Form 709 Gift Tax if the&nbsp; amount given was over $15,000.</P> Wed, 26 Jan 2022 18:34:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-monetary-gifts-2021/01/2418592#M918856 PattiF 2022-01-26T18:34:27Z