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February 28, 2023
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Annual exclusion check box for gifts on 709 gift tax return

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  • February 28, 2023
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Your 2022 gift tax return program isn't calculating the correct annual exclusion gifts and I have to add special information in order to show the correct amounts on returns that have trust gifts that shouldn't count for the annual exclusion. 

If you had a check mark which could indicate "no annual exclusion" in the gift entry system, that would be helpful and make for more accurate reporting of gifts.

Thank you.

Terri

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