You'll need to sign in or create an account to connect with an expert.
Gift and Estate Taxes are not part of the Income Tax system. Totally separate and of a completely different form in filing.
Note also, that once you start when you file your first Form 709 Gift Return, you must file one every year even if you made no additional gifts. Note also that you must file the Form 700 prior to submitting your personal Form 1040 income tax return.
Form 709 is not for the light-hearted so you may want to speak to an accountant about it.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
annie8508
Level 1
jliu229
New Member
razor5
Level 3
JThor1
Level 1
Talk34384
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.