Form 709

[elbon00]

I need to file Form 709 since the $16k tax-free gift limit was exceeded.  Since TurboTax does not support Form 709, how do I file it with the IRS in conjunction with e-filing my return through TurboTax?  Do I just mail the completed form in separately?  

- Thank you

[xmasbaby0]

Form 709 has nothing to do with your income tax return.  You do not file it in "conjunction" with your Form 1040.  It is a separate form.

GIFTS

Money that you receive as a gift is not taxable income to you, and you do not need to report it on your income tax return.  Money that you gave as a gift to someone else is not deductible for your taxes.

Turbo Tax does not support the gift tax form 709, but here is a link:

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

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

[elbon00]

Appreciate the quick reply.  So, I just fill it out and send it in?

[xmasbaby0]

Correct.   But ---- form 709 is not easy.....just a heads up.