You're definitely on the right track but this area is tricky so you need to make sure you meet all the criteria for exclusion. This link may prove helpful:
www.irs.gov/newsroom/estate-and-gift-tax-faqs
Q. How did the tax reform law change gift and estate taxes?
A. The tax reform law doubled the BEA for tax-years 2018 through 2025. Because the BEA is adjusted annually for inflation, the 2018 BEA is $11.18 million, the 2019 BEA is $11.4 million and for 2020, the BEA is $11.58 million. Under the tax reform law, the increase is only temporary. Thus, in 2026, the BEA is due to revert to its pre-2018 level of $5 million, as adjusted for inflation.
Hope this helps!!
