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How to complete the Line 7 Work- sheet. Row (a). Beginning with the earliest year in which the taxable gifts were made, enter the tax period of prior gifts. If you filed returns for gifts made after 1981, enter the calendar year in Row (a) as (YYYY). If you filed returns for gifts made after 1976 and before 1982, enter the calendar quarters in Row (a) as (YYYY-Q). Row (b). Enter all taxable gifts made in the specified year. Enter all pre-1977 gifts in the pre-1977 column. Row (c). Enter the amount from Row (d) of the previous column. Row (d). Enter the sum of Row (b) and Row (c) from the current column. Row (e). Enter the amount from Row (f) of the previous column. Row (f). Enter the tax based on the amount in Row (d) of the current column using Table A—Unified Rate Schedule. Row (g). Subtract the amount in Row (e) from the amount in Row (f) for the current column. Row (h). Complete this row only if a DSUE amount was received from predeceased spouse(s) and was applied to lifetime gifts or if a Restored Exclusion Amount on taxable gifts to a same-sex spouse was applied to lifetime gifts (or both). Enter the sum of lines 2 and 3 from Schedule C on the Form 709 filed for the year listed in Row (a) for the amount to be entered in this row. Row (i). Enter the applicable amount from the Table of Basic Exclusion Amounts. Row (j). Enter the sum of Row (h) and Row (i). Taxable Gift Amount Table Column A Column B Column C Column D Amount in Row (p), Line 7 Worksheet over... Amount in Row (p), Line 7 Worksheet not over... Property Value on Amount in Column A Rate (Divisor) on Excess of Amount in Column A 0 1,800 0 18% 1,800 3,800 10,000 20% 3,800 8,200 20,000 22% 8,200 13,000 40,000 24% 13,000 18,200 60,000 26% 18,200 23,800 80,000 28% 23,800 38,800 100,000 30% 38,800 70,800 150,000 32% 70,800 155,800 250,000 34% 155,800 248,300 500,000 37% 248,300 345,800 750,000 39% 345,800 – – – – – – 1,000,000 40% Worksheet TG—Taxable Gifts Reconciliation Worksheet TG—Taxable Gifts Reconciliation (To be used for lines 4 and 7 of the Tax Computation) Calendar year or calendar quarter Total taxable gifts for period (see Note) Note. For the definition of a taxable gift, see section 2503. Follow Form 709. That 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 709, you must include any taxable gifts in excess of the annual exclusion that were not reported on Form 709. b. a. Taxable amount included in col. b for gifts that qualify for “special treatment of split gifts” described below Taxable amount included in col. b for gifts included in the gross estate Gift tax paid by decedent on gifts in col. d Gift tax paid by decedent’s spouse on gifts in col. c Gifts made after June 6, 1932, and before 1977 Total taxable gifts made before 1977 1. f. e. d. c. Gifts made after 1976 Totals for gifts made after 1976 2. 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 Taxable gifts made after 1976 reportable on Schedule G. Enter the amount from Worksheet TG, line 2, column c 2. Taxable gifts made after 1976 that qualify for “special treatment.” Enter the amount from Worksheet TG, line 2, column d 3. Add lines 2 and 3 4. Adjusted taxable gifts. Subtract line 4 from line 1. Enter here and on Part 2—Tax Computation, line 4 5. 1 2 3 4 5 Instructions for Form 706 (Rev. 09-2021) -7-