Gift to children

Why is it that Turbo tax does not allow me to process $$$ gifts to the child? Instead, it sends me to a complex IRS form

posted

Gifts are not reported in a tax return.

Gifts over $15,000 need to be reported on a separate 709 form.

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

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

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Me and my fiancé have to file a 1095 A cause of the children she had with marketplace health insurance but I’m only claiming one. Can we use the same form?

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

Gift to children

Gift to children

Gift to children

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Gift to children

Do you have an Intuit account?

Gift to children

Gift to children

Unlock tailored help options in your account.

Get more help

Related Content