Section 02 - Form 709-NA, United States Gift (and Generation-Skipping Transfer) Tax…

Section 02 field designators, line numbers, field lengths, and titles are listed below. This section is transcribed in dollars only. ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡. Send the appropriate TPNC.

Field Designator

Line Number

Field Length

Title

02GPB

Schedule A, Top center

15

Basis of Gifted Property

0201

Schedule A Part IV, Line 1

15

Total Value of Gifts of Donor

0202 >>>>

Schedule A Part IV, Line 2

15

Annual Exclusion Annual Exclusion Computer (Generated Underprint)

0203 >>>>

Schedule A Part IV, Line 3

15

Total Included Amount of Gifts Total Included Gifts Computer (Generated Underprint)

0204

Schedule A Part IV, Line 4

15

Gifts of Interest Amount

0205

Schedule A Part IV, Line 5

15

Exclusions Attributable to Gifts

0206 >>>>

Schedule A Part IV, Line 6

15

Marital Deductions Marital Deductions Computer (Generated Underprint)

0207

Schedule A Part IV, Line 7

15

Charitable Deductions

0208 >>>>

Schedule A Part IV, Line 8

15

Total Deductions Total Deductions Computer (Generated Underprint)

0209 >>>>

Schedule A Part IV, Line 9

15

Balance After Deductions Balance After Deductions Computer (Generated Underprint)

0210

Schedule A Part IV, Line 10

15

GST Taxes Payable

0211 >>>>

Schedule A Part IV, Line 11

15

Taxable Gifts (Balance After GST) Amount Taxable Gifts (Balance After GST) Amount Computer (Generated Underprint)

This section is required unless Field 01CCC contains a "G" . The fields in this section are transcribed from Page Schedule A, Part IV Form 709-NA.

The computer cannot compute, and complete math verification will not be done under the following condition:

Tax period (Field 01TXP) is invalid.

Check for coding and transcription errors and correct as needed.

If the money amounts on a return exceed the maximum field length allowable, reject with AC 610 or 611.

Enter the maximum amount allowable on the original return. Recompute the tax data and enter the corrected amount(s) on the screen display and the return. DO NOT SEND A TAXPAYER NOTICE CODE to taxpayer.

Write on the original return, Dummy Return prepared due to overflow document.

Using a red pen, prepare a Dummy Return by computing and entering the remaining overflow money amount(s) for the correct fields. Enter the following data on the Dummy Return.

On the top of the return, write "Dummy Prepared from Overflow Return" .

Entity data from the original return.

The DLN from the original return, bottom left margin going up the side

CCC "G" in Field 01CCC.

In the signature area, write "Signature on Original Return" .

Place the dummy return in the batching basket to be numbered and processed.

Check for coding and transcription errors and correct as needed.

Code and Edit will enter the total at the top center of Schedule A Part I (Donors Adjusted Basis of Gift) Column h, Parts I, 2, and 3 if more than one item is listed in the Column.

If blank, enter $1 (one dollar) in Field 02GPB.

Field 0201 is transcribed from Schedule A, Part IV, Line 1. The amount represents the total of all of the Donee gifts that are listed on Schedule A Parts, 1, 2, and 3, Column j.

Check for coding and transcription errors and correct as needed.

When it appears that there is a math error on the return, check to see if the taxpayer has entered the correct amount on this line. If the correct amount can be determined from the total of schedule A Parts 1, 2, and 3, Column j (Net Transfer), correct Field 0201. (Correspond only if it is necessary to obtain other items needed to complete processing the return; otherwise, DO NOT correspond solely for this information.)