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Federal input screens

Screen 709 - General, Donor, Spouse, GST

General Information

Enter
X
 to split all gifts given by the donor and spouse. Gifts split equally unless you enter
X
 in the
Exclude from gift splitting
 box on the Gift screen or the G529 screen. Gifts made from 1 spouse to the other can't split. If a marital change happened in the calendar year, you can split only gifts made while married.
Enter
X
 to proforma a gift information from the Gift screen and the G529 screen to next year. You can use this box for returns in which the donor gives the same gifts each year. If you leave this box blank, gift information doesn’t proforma from the Gift screen and the G529 screen to next year.
If you leave this box blank, the boxes in the signature section of Form 709 will be blank. If you want all new clients to default to
1
 or
2
, go to
Setup
, then
709 Gift Tax
. Select
New Client Options
, then
Yes
 or
No
 for the
Taxing authority may discuss return with preparer (the 709 screen)
 box.
Enter IRS special processing information. The information you enter displays at the top of the return you are filing.

Donor Information

Only enter the country of citizenship if the country is not the U.S.
UltraTax CS uses this date and entries on the PayPen screen to calculate the due date of the return. If you enter the date of death for a married donor, the
Donor and spouse marital status, if not married all year
 and
Date marital status changed in current year
 checkboxes in the Spouse Information section update automatically.
This phone number displays on Form 2848, Form 8821, and Form 8822.

Spouse Information

Select the code for the marital status change, and enter the
Date marital status changed in current year
. If the donor is divorced and you only want to proforma the spouse next year, enter
X
 in the
If divorced, proforma spouse as donor next year
 box. If a return proformas after a taxpayer’s death, that taxpayer’s data is ignored.

Computation of Generation-Skipping Transfer Tax

To allocate the GST exemption to transfers made in prior years, enter information in the statement window.
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