When filing a gift on the Federal Tax forms, what information is needed about the recipient?

[fanfare]

on the individual tax return, gifts do not appear. So where were you planing to list this ?

[gordonscrimger]

The below does answer my question.  Does this mean I can’t use turbotax to file taxes if I gave a gift? or can form 709 be attached to turbo tax before filing?

[gordonscrimger]

The below does answer my question.  Does this mean I can’t use turbotax to file taxes if I gave a gift? or can form 709 be attached to turbo tax before filing?

[xmasbaby0]

TurboTax does not provide or support form 709.  You do not include it with your income tax return.  You can get the form from the IRS: <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f709.pdf">https://www.irs.gov/pub/irs-pdf/f709.pdf</a>

[DoninGA]

The gift tax return is a separate tax return.  You can still file your personal tax return, Form 1040, using TurboTax.

[gordonscrimger]

Thank you

[DoninGA · Accepted solution]

A gift given to an individual is not reported on a federal tax return.  A gift received from an individual is not reported on a federal tax return, regardless of the amount received.

If the gift given is $14,000 or more to a single individual then you have to complete and file a Form 709 Gift Tax return.  There will be no taxes owed on the gift if your total gifts given in a lifetime are less than $5.45 million.

TurboTax does not support IRS Form 709