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5808

5808

The following diagnostic is generating:

Gift input # {PrefixNum} : Electing out of 2632(c) automatic GST exemption allocation rule for current transfer and any and all future transfers.

Solution:

Mark GST on screen 2 Donee Infomration.

On screen 7 Taxpayer's Gifts, Donor's adjusted basis (codes 3) and Fair market value (code 5), make sure these are higher than 709 exemption amount, which will allow for the statement to generate

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