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- How do you make 2632 election on Form 709, Part 3?
How do you make 2632 election on Form 709, Part 3?
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davetodd11
Level 5
12-15-2021
04:43 PM
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I'm entering gifts on Form 709. I have 2 for trusts that are Indirect Skips. The gifts for these are split between spouses.
When I enter the gifts for these on the Gifts Worksheet, they appear correct on Schedule A, Part 3, except that worksheet gives no option to make the 2632 election.
If I enter the gifts on the Gifts to Crummey Trust Worksheet, I can make the 2632 election on line 10a, but column G on the Schedule A, Part 3 is blank. This is the case regardless of which election number I select (or No Value) on line 10b.
How can I both elect 2632 for an Indirect Skip gift and also have column G of the Schedule A, Part 3 reflect 1/2 of the gift?
When I enter the gifts for these on the Gifts Worksheet, they appear correct on Schedule A, Part 3, except that worksheet gives no option to make the 2632 election.
If I enter the gifts on the Gifts to Crummey Trust Worksheet, I can make the 2632 election on line 10a, but column G on the Schedule A, Part 3 is blank. This is the case regardless of which election number I select (or No Value) on line 10b.
How can I both elect 2632 for an Indirect Skip gift and also have column G of the Schedule A, Part 3 reflect 1/2 of the gift?
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