Taxable gifts made in the years 1970-1975. Does any part of the Exemption used in the earlier years affect the Exemption for gifts made in 2021 and 2022 ???
Yes. Lifetime means lifetime. There may be some special rules for pre 1976 gifts. Check the instructions, I'm old, but I wasn't practicing then.
EDIT: It's pre 1977 gifts. See page 3 of the 709, Schedule B. I've got old clients who made gifts then.
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