HOW TO ADD A GIFT AMOUNT TO GRANDSON.

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HOW TO ADD A GIFT AMOUNT TO GRANDSON.

You do not report gifts to individuals (such as family members) on your individual income tax return (Form 1040).

If your gift to your grandson exceeded $19,000, then you would file Form 709, which is not supported by TurboTax.

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

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