I just can,t see where on form 709 to apply the life time exemption . Without that it says i owe money.

[Anonymous_ · Accepted solution]

You enter the applicable credit amount (that used to be called the unified credit) on Line 7 in Part 2.

See https://www.irs.gov/instructions/i709#en_US_2022_publink16784xd0e5332

[Anonymous_]

An afterthought since the form looks a lot easier to prepare than it is, actually, and the form is not supported by TurboTax.

There is software that you can use to prepare a 709 for circa $50 which will do the calculations for you. If you use the search terms, "us gift tax software 2022 now available", you will find the link.

[exide]

Got it. Thanks