joshuabarksatlc s
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11-28-2021
01:14 AM
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I have received conflicting information about the requirement of printing
"Filed Pursuant to Rev. Proc. 2017-34 to elect portability under Code Section 2010(c)(5)(A)"
on Form 706. Please help.
In reading 2017-34, (Section 4.01(2), it seems the disclosure is required to be printed for Relief for Certain Late Portability Election. However, in a CPE class during 2020, I was told the line is still required for timely election. Any help to resolve the conflicting info (perhaps a confusion on my part) is appreciated.
IF NEEDED, where can the text be entered in Lacerte? There is a Form 1040 Text field for Form 1040 under Screen 3 "Miscellaneous". Where is the comparable field for Form 706?
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