Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Gift tax allowable exemption

Highlighted
Level 1
Why is the system defaulting to $5,430,000 for the maximum allowable exemption amount rather than the $11,180,000 allowed for 2018?
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15

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


ex-AllStar

View solution in original post

0 Cheers
6 Replies 6
Highlighted
Level 11
For one or two taxpayers?
** I'm still a champion... of the world! Even without The Lounge.
0 Cheers
Highlighted
Level 1
For one taxpayer
0 Cheers
Highlighted
Level 11
Pro Series uses $11,180,000 per taxpayer.
** I'm still a champion... of the world! Even without The Lounge.
0 Cheers
Highlighted
Level 15

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


ex-AllStar

View solution in original post

0 Cheers
Highlighted
Level 1
Not sure why it says that but no I'm looking at a 2018 return
0 Cheers
Highlighted
Level 15
Has your client already used 5+million of their lifetime exemption?

ex-AllStar
0 Cheers