This $4,577,800 credit gets reduced by any previous taxable gift amounts (lines 8 and 10) and further reduced by the taxable amount of the gift (line 6 carried down to line 12). The resulting tax credit balance, if any, (line 15) carries forward for use in future years?
I am also confused by line 17 because if you carry line 15 (the remaining future gift credit) down to line 17 it implies that this is the tax due to the IRS.
