You'll need to sign in or create an account to connect with an expert.
Neither. A gift given to an individual is not reported on your tax return. A gift received from an individual is not reported on a tax return, regardless of the amount received.
If the gift given is greater than $14,000 to a single individual, then the gift giver has to report the gift on IRS Form 709.
Neither. A gift given to an individual is not reported on your tax return. A gift received from an individual is not reported on a tax return, regardless of the amount received.
If the gift given is greater than $14,000 to a single individual, then the gift giver has to report the gift on IRS Form 709.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
taxpuzzler
Level 1
crunchbarsrock
New Member
laurag8922
New Member
Dianne70
Level 1
Harv123
Level 1
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.