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Gift tax allowable exemption

nwempe
Level 2
Why is the system defaulting to $5,430,000 for the maximum allowable exemption amount rather than the $11,180,000 allowed for 2018?
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sjrcpa
Level 15

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


ex-AllStar

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6 Replies 6
Accountant-Man
Level 11
For one or two taxpayers?
** I'm still a champion... of the world! Even without The Lounge.
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nwempe
Level 2
For one taxpayer
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Accountant-Man
Level 11
Pro Series uses $11,180,000 per taxpayer.
** I'm still a champion... of the world! Even without The Lounge.
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sjrcpa
Level 15

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


ex-AllStar

View solution in original post

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nwempe
Level 2
Not sure why it says that but no I'm looking at a 2018 return
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sjrcpa
Level 15
Has your client already used 5+million of their lifetime exemption?

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