Question
Form 709 - Gift Tax Return - Annual Exclusion
Reporting taxpayer's (and wife's) gift to a trust. The gift was not subject to a Crummey Withdrawal right, so no ability to use annual exclusion for gift to the trust. No annual exclusion amount was entered; however, the software will not remove the $15,000 annual exclusion on Part 4 Taxable Gift Reconciliation. I have tried different things for over an hour. Ideas?
