Instructions For Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return Page 7
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55Worksheet TG and Line 4 Worksheet
Worksheet TG— Taxable Gifts Reconciliation
(To be used for lines 4 and 7 of the Tax Computation)
Note. For the de nition of a taxable gift, see section 2503. Follow Form 709. That
a.
b.
is, include only the decedent’s one-half of split gifts, whether the gifts were made
by the decedent or the decedent’s spouse. In addition to gifts reported on Form
Calendar year or
Total taxable gifts for
709, you must include any taxable gifts in excess of the annual exclusion that
calendar quarter
period (see Note)
were not reported on Form 709.
c.
d.
e.
f.
Taxable amount
Taxable amount
included in col. b for
Gift tax paid by
Gift tax paid by
included in col. b
gifts that qualify for
decedent on gifts
decedent’s spouse on
for gifts included
“special treatment of
in col. d
gifts in col. c
in the gross estate
split gifts” described
Total taxable gifts
1.
below
made before 1977
2.
Totals for gifts made after 1976
Line 4 Worksheet—Adjusted Taxable Gifts Made After 1976
1
Taxable gifts made after 1976. Enter the amount from Worksheet TG, line 2, column b
1.
Taxable gifts made after 1976 reportable on Schedule G. Enter the amount
2.
2
from Worksheet TG, line 2, column c
Taxable gifts made after 1976 that qualify for “special treatment.” Enter the
3.
3
amount from Worksheet TG, line 2, column d
4
Add lines 2 and 3
4.
Adjusted taxable gifts. Subtract line 4 from line 1. Enter here and on Part 2—Tax Computation,
5.
line 4
5
returns were audited by the IRS, use the
the decedent (or on behalf of the
$11,000 for 2002 through 2005,
amounts that finally were determined as
decedent under a power of attorney) for
$12,000 for 2006 through 2008, and
a result of the audits.
which no Forms 709 were filed. Include
$13,000 for 2009 through 2012. For
the value of such gifts in column b of
2013 through 2017, the annual
In addition, you must make a
Worksheet TG. The annual exclusion
exclusion for gifts of present interest is
reasonable effort to discover any gifts in
per donee was $3,000 for 1977 through
$14,000 per donee.
excess of the annual exclusion made by
1981, $10,000 for 1981 through 2001,
Part Instructions
-7-
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