@Esther M wrote:
To determine the amount of applicable credit (formerly unified credit) used for gifts made after 1976, Select from Column C in the table below.
Except if total of prior gifts is $500,000 or less, then the donor would use the amount of applicable credit actually applied in the prior period.
Not too helpful to simply copy and paste the instructions for Form 709 when @GZ49 is having difficulty comprehending them (since the instructions are, indeed, obtuse). Again, preparation software is needed for a scenario like this such as this one.
