You'll need to sign in or create an account to connect with an expert.
You cannot deduct gifts to any individual, only to recognized charitable organizations.
Since you're the one who gave the gift, and it didn't exceed the $15,000 annual exclusion per person, you don't report it.
If you exceeded the annual exclusion, you would file Form 709: United States Gift (and Generation-Skipping Transfer) Tax Return.
Related Information:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
James zhou
New Member
millbemis
New Member
agm1188
New Member
caresanchez4
Returning Member
fordescort12
Returning Member
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.