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ak62
Returning Member

How do I add Form 709 to prior year tax return for a gift given above Gift Tax exemption

I gave my daughter $100k in 2024 to purchase a home. Our joint exemption is $36K so I need to report $64k on Form for last year? I can't see how to do this in Turbo Tax under amend a return
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3 Replies
rjs
Level 15
Level 15

How do I add Form 709 to prior year tax return for a gift given above Gift Tax exemption

A Form 709 gift tax return is a separate return. It is not part of your income tax return. You cannot file a Form 709 gift tax return with TurboTax.

 

pk
Level 15
Level 15

How do I add Form 709 to prior year tax return for a gift given above Gift Tax exemption

@ak62  agreeing with the response from my colleague @rjs , I would add the following:

(a) you can download  the .pdf form 709 from www.irs.gov  ( search for form 709 )  and fill it out.

(b) you can also get the form and  instructions 

  form    >  2024 Form 709  

instructions -->  2024 Instructions for Form 709

The instructions also  tell you when and where to file.

Because you are late , just send the form in by itself to the address ref'd.

ak62
Returning Member

How do I add Form 709 to prior year tax return for a gift given above Gift Tax exemption

Thank you @rjs and @pk for the additional information!

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