Solved: Gift tax allowable exemption

nwempe · ‎12-07-2019

Why is the system defaulting to $5,430,000 for the maximum allowable exemption amount rather than the $11,180,000 allowed for 2018?

sjrcpa · ‎12-07-2019

Your produt says Lacerte 2017. Are you looking at a 2017 return?

Ex-AllStar

Accountant-Man · ‎12-07-2019

For one or two taxpayers?

** I'm still a champion... of the world! Even without The Lounge.

nwempe · ‎12-07-2019

For one taxpayer

Accountant-Man · ‎12-07-2019

Pro Series uses $11,180,000 per taxpayer.

** I'm still a champion... of the world! Even without The Lounge.

sjrcpa · ‎12-07-2019

Your produt says Lacerte 2017. Are you looking at a 2017 return?

Ex-AllStar

nwempe · ‎12-07-2019

Not sure why it says that but no I'm looking at a 2018 return

sjrcpa · ‎12-07-2019

Has your client already used 5+million of their lifetime exemption?

Ex-AllStar

Gift tax allowable exemption