Solved: Lifetime gift

If I receive a cash gift in excess of 19k, do I report it or the person who gave the money reports it? If it is me, which turbo tax level should I buy?

posted

The person who gave you the gift (the donor) should report it to the IRS on Form 709.

You do NOT need to report the gift on your return or elsewhere.

Form 709 is not supported by TurboTax.

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The person who gave you the gift (the donor) should report it to the IRS on Form 709.

You do NOT need to report the gift on your return or elsewhere.

Form 709 is not supported by TurboTax.

what does it mean when it says my daughter hasnt added any qualifying insititutions to get the credit? It says she has the lifetime learning credit?

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