Can I use Turbo Tax and just send my Form 709 Gift Tax return directly to the IRS separately from sending my taxes e-file?

[Samster1]

I gifted a bit to my daughter and need to fill out a Form 709 - Gift Tax form which TTax does not support.  Can I still file with Turbo tax and send that form separately to the IRS, or does Form 709 take the place of Form 1040?

[xmasbaby0]

Form 709 is not part of an income tax return.  It is a completely separate form that does not get filed with your income tax return that is on Form 1040.      You prepare it separately and mail it in.

[xmasbaby0]

Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.

If your gift exceeds the yearly limit ($18,000 per individual)  imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.

TurboTax does not support Form 709.  It is not an income tax form and would not be included as part of an income tax return.

Here is a link to the form:

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

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

[TomK2023]

Yes, you can still e-file your tax return using TurboTax.  However, you will still need to print and mail in Form 709.

2024 Form 709 - United States Gift (and Generation-Skipping Transfer) Tax Return

2024 IRS Instructions for Form 709