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JAYINSKY
Returning Member

Form 709

From what I have read if I give a gift to a child over $15K/$30K (mother and father) it isn't taxable but I need to still report this to the IRS via Form 709.  Problem is Turbo doesn't support Form 709 so for 2020 how do I include/attach this with my efile from Turbo Tax for 2020?

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3 Replies

Form 709

Form 709 has nothing to do with your personal 1040 tax return,  it is a separate return.  You file it manually outside of Turbo Tax.  

Form 709

Do you need the form and instructions?  

Form 709 Gift Tax Return

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

 

Form 709 Gift Tax Return Instructions

https://www.irs.gov/pub/irs-pdf/i709.pdf

Form 709

A Form 709 is mailed separately from your personal tax return, Form 1040.

 

IRS Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf

 

IRS Form 709 instructions - https://www.irs.gov/pub/irs-pdf/i709.pdf

 

Mail to:

Department of the Treasury
Internal Revenue Service Center
Kansas City, MO 64999

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