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- 709 Pro Forma
709 Pro Forma
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jerry
Level 7
08-29-2023
05:52 PM
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I have a client that gave reportable gifts in 2019 and 2021.
When I pro-forma'd the Gift return from 2021 to 2022, the total of the gifts for 2021 are (apparently) correctly reported in Schedule B. But all of the 2021 gifts are still listed on Screen 7. Is this correct behavior? Do I delete them, or can they just stay for future possible use?
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3 Comments 3
sjrcpa
Level 15
08-29-2023
06:42 PM
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You probably had the option to pro forma them or not.
I'd delete them.
Some clients give the same amount to the same donees every year. So the pro forma of the gifts might be useful then.
The more I know, the more I don't know.
joshuabarksatlc
Level 10
09-04-2023
03:59 PM
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The default is for the gift to be proforma'ed to the following year. If you want to skip the proforma for the item, enter "2=delete next year" on the bottom of the gift. The option NOT to proforma is made in the F709 Gift input for the gift year.
I come here for kudos and IRonMaN's jokes.
jerry
Level 7
09-04-2023
05:49 PM
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I guess I want my cake and eat it, too.
I want the summary of previous gifts showing up in Schedule B. And I want the transfer of previous *donees*. So for that, I want/need the pro-forma.
But I don't want all of the previous years *gifts* showing again on the entry screens. It's confusing to see all of them re-appearing, even though they're from the previous year.
So yeah, I need to pro-forma. But it seems to come with extra baggage
