Reporting taxpayer's (and wife's) gift to a trust. The gift was not subject to a Crummey Withdrawal right, so no ability to use annual exclusion for gift to the trust. No annual exclusion amount was entered; however, the software will not remove the $15,000 annual exclusion on Part 4 Taxable Gift Reconciliation. I have tried different things for over an hour. Ideas?
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Thanks! I had tried that, but not being very familiar with Lacerte, I was trying that in the wrong place. After holding for help for 1.5 hours, I was able to get it in the correct place. Thank you for your input. At least I knew I was close and I knew it had to be there somewhere. I didn't know about the whole "hover over the field" and see if there is an override popup. That will be useful information going forward.