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New Member
posted Oct 5, 2023 7:18:35 AM

Can I use Turbotax for my return and then fill out IRS Form 709 separately and get it sent to the IRS electronically

Form 709 is unsupported by Turbotax

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2 Replies
Level 15
Oct 5, 2023 7:32:16 AM

Form 709 is not part of an income tax return.   You have to file it separately by mail.  It cannot be e-filed.   TurboTax does  not provide or support Form 709.

 

 

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 ($17,000 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

Level 15
Oct 5, 2023 7:33:19 AM

You are going to have to print and mail Form 709.

 

TurboTax does not support Form 709 in any respect.