Do I have to file gift tax return ( form 709)

Last year I signed $50k to my spouse. We do not have joint bank account. In additional we file tax separately. Do I need to file form 709?

posted

No, you do not need to file a gift tax return. There are several exceptions to the general rule that any gift is a taxable gift. One of the exceptions is gifts to your spouse.

See: Frequently asked questions on gift taxes

I am filing a tax return for a partnership LLC. I lease a car for real estate rental activities. Do I report those expenses under "General expense"?

in Investors & landlords

Expert does your taxes

Do it yourself

Resources

Support

Do I have to file gift tax return ( form 709)

Do I have to file gift tax return ( form 709)

Get more help

Do you have a TurboTax Online account?

Do I have to file gift tax return ( form 709)

Do you have an Intuit account?

Do I have to file gift tax return ( form 709)

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert