Gift tax allowable exemption

[nwempe]

Why is the system defaulting to $5,430,000 for the maximum allowable exemption amount rather than the $11,180,000 allowed for 2018?

[Accountant-Man]

For one or two taxpayers?

[nwempe]

For one taxpayer

[Accountant-Man]

Pro Series uses $11,180,000 per taxpayer.

[sjrcpa · Accepted solution]

Your produt says Lacerte 2017. Are you looking at a 2017 return?

[nwempe]

Not sure why it says that but no I'm looking at a 2018 return

[sjrcpa]

Has your client already used 5+million of their lifetime exemption?