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Anonymous
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How do i deduct gifts to family members

 
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Carl
Level 15

How do i deduct gifts to family members

You can't, and don't. Gifts are just that - gifts. You have nothing to deduct, report or claim, and the recipient of the gift has nothing to report.

However, if your gift was more than $14K to any one person in 2016, then you the giver will need to file a gift tax return. The TurboTax software does not do gift tax returns.

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