Hi again...
If I understand it from your link, for Sch D, Part 2, Line 2, I list the sum of the annual exclusions for the prior years. Is that the way you see it?
Column (d)
You are allowed to claim the gift tax annual exclusion currently allowable for your reported direct skips using the rules and limits discussed earlier for the gift tax annual exclusion.
There's no mention of Line 2 but I wonder if there is an error. The statement for Line 5 makes no sense. Line 5 is an Automatic allocation...etc. Should Line 5 really be Line 2?
Line 5
Enter the amount of GST exemption you are applying to transfers reported in Part 3 of Schedule A.
