@macuser_22 wrote:
Why is there zero tax due? -- only because the $11 million exemption makes it so. How does one get the gift applied to the exemption? - only one way - by filing a 709 form.
The exemption is provided for in Section 2505 of the Code and its applicability has nothing to do with the filing of Form 709. If it were otherwise, that would be spelled out in the Code or Regs and it is not.
