Where can I enter cash gift

anishry · ‎April 14, 2022

Anonymous_ · ‎April 14, 2022

You do not enter a gift you received on your federal income tax return.

If you gave someone a gift that exceeded the annual exclusion ($15,000 in 2021, $16,000 in 2022), then you might be required to file a gift tax return (Form 709).

See https://www.irs.gov/instructions/i709#en_US_2021_publink16784xd0e649

Regardless, gifts to other than recognized charitable organizations are not tax deductible.

View solution in original post

Anonymous_ · ‎April 14, 2022

You do not enter a gift you received on your federal income tax return.

If you gave someone a gift that exceeded the annual exclusion ($15,000 in 2021, $16,000 in 2022), then you might be required to file a gift tax return (Form 709).

See https://www.irs.gov/instructions/i709#en_US_2021_publink16784xd0e649

Regardless, gifts to other than recognized charitable organizations are not tax deductible.