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tt58
New Member

Can TurboTax help me fill out Form 709? I gave my son a gift of over $60,000 last September to help him purchase a house.

 
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DianeW
Expert Alumni

Can TurboTax help me fill out Form 709? I gave my son a gift of over $60,000 last September to help him purchase a house.

This is not one of the forms that can be completed in TurboTax Business.  You won't be able to file a Gift Tax Return with TurboTax.  A Gift Tax return should be filed separately from your personal income tax return as it has no effect on taxation at the individual level.  

The IRS provides Form 709 and Instructions here:

  1. IRS Gift Tax 

  2. IRS Gift Tax FAQs

  3. IRS Form 709 - US Gift Tax Return

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