topic I gave money ( $30,000 as a gift) to my daughter. I would like to file it with my taxes. in After you file

I gave money ( $30,000 as a gift) to my daughter. I would like to file it with my taxes.

marinapapernik — Thu, 06 Jun 2019 05:16:39 GMT

Unfortunately, gifts made to an individual are not deduct...

jerry2000 — Thu, 06 Jun 2019 05:16:40 GMT

Unfortunately, gifts made to an individual are not deductible, no matter who the individual is. If you give more than $14,000 to any one individual, then you will likely have to file a Form 709 Gift tax form to report the gift. Gifts of more than that amount reduce your lifetime exclusion from estate tax.
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

Do I file Form 709 separately? Can I still e-file or must...

danmalandro — Thu, 06 Jun 2019 05:16:42 GMT

Do I file Form 709 separately? Can I still e-file or must I mail my return along with Form 709?

Turbo Tax does not support the gift tax form 709, but her...

xmasbaby0 — Thu, 06 Jun 2019 05:16:43 GMT

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

<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N">https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N</a>

A form 709 is not an income tax form. You do not include...

xmasbaby0 — Thu, 06 Jun 2019 05:16:45 GMT

A form 709 is not an income tax form. You do not include it with your income tax return.