Form 709 for 2024...
Instructions for Form 709 are poorly written.
Cutting to the basic question:
Does the input for Schedule B, Column C come from the Worksheet, Column N?
Instructions for Schedule B for less than $500k state - In column (c), enter the amount of applicable credit actually applied in the prior period.
There is no definition of Credit Actually Applied in the instructions nor does the Worksheet have a column titled Credit Actually Applied.
Column N of the Worksheet states - Credit Allowable.
Thanks in advance..
