Retirement tax questions

Sorry not sure I follow for when to use either.

Was just trying to understand if I use the exemption figure or the credit figure for line 7 in this case.

I wasn't sure if you looked back at my original post but in your initial response it was noted to use the exemption figure ($12,060,000) on line 7.

Only schedule A Part 1 and 4 are being used and no other schedules of this form.

The donor is widowed since 2019 but no DSUE will be considered.

Just a straight up gift in 2022.  If by chance anymore in the future, nowhere near any exclusion and/or credit limits.

 

The terms "exclusion" and "credit" are crossing me up for line 7's entry.