Saturday, April 12, 2014

TurboTax 2013 and the Gift Tax

If you were hoping to have TurboTax take care of helping you with a Gift Tax this year, or determining if you need to file it, it does not have this functionality:
https://ttlc.intuit.com/questions/1798741-how-can-i-do-form-709-with-turbo-tax

You'll have to do it all yourself, using IRS form 709:
http://www.irs.gov/pub/irs-pdf/f709.pdf

Maybe Intuit will add this next year?