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Why are gift tax returns showing $4,577,800 as the applicable credit? Isnt it $11,580,000
bethbrake
Level 2
03-19-2021
11:08 AM
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Lacerte Tax
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pamdory
Level 8
03-19-2021
11:48 AM
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The Exclusion is $11,580,000 which translates to a maximum Credit of $4,577,800.
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