Catalog Number 42021H www.irs.gov
Form
4808 (Rev. 11-2016)
Form 4808
(November 2016)
Department of the Treasury - Internal Revenue Service
Computation of Credit for Gift Tax
(No credit allowed for gifts made after 12/31/76)
Schedule number
Estate of Date of death Name of donee
First Limitation
A
B (See footnote below)
1. Gift tax amount of gift
2. Annual exclusion applicable to line 1
3. Marital deduction applicable to line 1
4. Charitable deduction applicable to line 1
5. Total of lines 2, 3, and 4
6. Amount of gift (line 1 less line 5)
7. Taxable gifts (line (j), Schedule A, Form 709)
8. Specific exemption allowed (line (h) (3), Sch. A, Form 709)
9. Total of lines 7 and 8
10. Total gift tax paid (line 8, page 1, Forms 709)
11. First limitation
(
line 6
line 9
x line 10
)
12. Total first limitation (line 11, column A plus column B)
Footnote: Use column B for portion of donor's gift reported by spouse in case of split gifts.
Second Limitation
13. Estate tax value of gift
14. Enter one of the following:
(a) If line 1 is less than or equal to line 13, enter line 1 less line 2
(b) If line I is greater than line 13, enter line 13 less
(
line 13
line 1
x line 2
)
15. Estate tax marital deduction
16. Value of qualifying property passing to spouse
17. Attributable marital deduction
(
line 15
line 16
x line 14
)
18. Estate tax charitable deduction attributable to line 13, less whichever of the
following is applicable:
(a) If line 1 is less than or equal to line 13, subtract line 2
(b) If line 1 is greater than line 13, subtract
(
line 13
line 1
x line 2
)
19. Total of lines 17 and 18
20. Value of the gift (line 14 less line 19)
21. Gross estate
22. Marital deduction
23. Charitable deduction
24. Total of lines 22 and 23
25. Line 21 less line 24
26. Adjusted taxable gifts (line 4, page 1, Form 706)
27. Total of line 25 and 26
28. Tentative tax less aggregate gift taxes payable and applicable credit amount
(line 12, page 1 Form 706 (8-2013 revision))
29. Second limitation
(
line 20
line 27
x line 28
)
30. Limitation of credit (enter line 12 or 29, whichever is smaller)
Note: When gifts for more than one full taxable year are included in the gross estate, a Separate computation of the two limitations must
be made for each taxable year.
