Also, just in case I was not clear in conveying our situation perhaps this should clear things up for Part 2 of form 709:
Part 1
Line 19: NO
Part 2
Line 1: 234,000
Line 2:
Line 3: 234,000
Line 4: 38,800
Line 5:
Line 6: 38,800
Line 7: Enter 12,060,000 exclusion? OR Enter 4,769,800 credit? <-- the crucks of my confusion.
Line 8:
Line 9: 12,060,000? OR 4,769,800?
Line 10:
Line 11: 12,060,000? OR 4,769,800?
Line 12: 38,800
Line 13:
Line 14: 38,800
Line 15: 0
Line 16:
Line 17: 0
Line 18:
Line 19: 0
