posted

I gifted $15K( limit for married is $30K) to ILIT. Where do I file in Turbotax Premium?

1 Reply

You do not have to report your gift of $15,000 on your tax return. If you had to report a gift exceeding the yearly limit you would use Form 709

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Been with Intuit for going on 6 years now. Been part of TTLive, Full Service TTL, was part of Accuracy guaran...

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