ILLMAS Posted June 30, 2021 Report Share Posted June 30, 2021 I will be preparing my first gift tax, in ATX do I have to prepare the return separately from the 1040 or do they have to be linked? I don’t see any tax due from the gift. thanks Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted June 30, 2021 Report Share Posted June 30, 2021 They are not linked. All the information needed is on each return ( names, SSNs, etc.). It would be a surprise to see tax due given the exclusion of $11,580,000. None of my clients gift that much! 3 Quote Link to comment Share on other sites More sharing options...
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