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Level 1
April 29, 2021
Question

709

  • April 29, 2021
  • 1 reply
  • 4 views

How do I suppress a donee on a 709? I checked the box "do not use on 709 this year" but still get a critical diagnostic for missing date and fair market value.

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1 reply

Level 6
April 30, 2021

Checking the Do not use on Form 709 this year box  prevents certain Generation-Skipping transfers from appearing on Schedule A.

You can enter "1" in the delete this year  field to stop the diagnostic.