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Get your taxes done using TurboTax
Thank you so very much! That calculator is super helpful. I wasn't aware of that earlier. I tried the calculator and ran into following questions. Thanks a lot again!
1) As in screen shot below as an example, Line 3 of Item 19 says "Total taxable gifts. Add lines 1 and 2", but it doesn't add because 110+14= 124 and not 102.. Wondering how it is coming up with that calculation.
2) The calculator also fills 0 from line 4 onwards exception for line 8. Are we not expected to compute the tax using Table for computing gift tax?
March 29, 2021
10:25 AM