Form 709 (Rev. 12-88)

Page 4

Sidley Computation of Generation-Skipping Transfer Tax (continued)

Part 2.—Grandchild Exclusion Reconciliation

A B Cc D E
Maximum Total of Exclusions Exclusion Available Exclusion Claimed Exclusion Available
Name of Grandchild Allowable Claimed on Previous for This Return on this Return for Future Returns
Exclusion Returns (Subtract col. B from col. A) (subtract col. D from col. C)
$2,000,000

$2,000,000

$2,000,000

Total grandchild exclusions claimed on this return. Must equal total of column G, Part 1

Part 3.—GST Exemption Reconciliation (Code section 2631)

1 Maximum allowable exemption . 1 $1,000,000
2 Total exemption used for periods before filing this return . 2
3 Exemption available for this return (subtract line 2 from line 1) . 3
4 Exemption claimed on this return (from Part 4, col. C total, below) . 4
5 Exemption allocated to transfers not shown on Part 4, below. You must attach a 2 Notice of Allocation, (See
instructions.) . 5
6 Addlines4and5 . . 6
7__ Exemption available for future transfers (subtract line 6 from line 3). 7
Part 4.—Tax Computation
A 8B c D E F G H

Item No. Net transfer GST Exemption | Dividecol.c | Inclusion Ratio Maximum Gift Applicable Rate Generation-Skipping
(from Schedule] (from Schedule C, Allocated bycol.B | (subtract col. D Tax Rate (multiply col. E Transfer Tax

C, Part 1) Part 1, col. H) from 1.000) bycol. F) (muttiply col. B by col. G)

55% (.55)__ 0}.

55% (55) __

Total exemption claimed. Enter

here and on line 4, Part 3,
above. May not exceed line 3,
Part3,above .

Total generation-skipping transfer tax. Enter here, on line 14
of Schedule A, Part 3, and on line 20 of the Tax x Computation

onpage1 .

(if more space is needed, attach additional sheets of same size.)


rom 7Q9 United States Gift (and Generation-Skipping Transfer) Tax Return

(Rev. December 1988) (Section 6019 of the Internal Revenue Code) (For gifts made after December 31, 1986, and before January 1,1990) | OMB No. 1545-0020

Department of the Treasury Calendar year 19 ___ Expires 1031-91
Internal Revenue Service > For Privacy Act Notice, see the Instructions for Form 1040.
1 Donor’s first name and middle initial 2 Donor's last name 3 Social security number
4 Address (number and street) 5 Domicile
| 6 City, state, and ZIP code 7 Citizenship
=
£| 8 Ifthe donor died during the year, check here ® LI and enter date of death Yes | No
S|_9 Ifyou received an extension of time to file this Form 709, check here & LI and attach the Form 4868, 2688, 2350, or extension iter
£|10 Ifyou (the donor) filed a previous Form 709 (or 709-A), has your address changed since the last Form 709 (or 709-A) was filed? .
5 11 Gifts by husband or wife to third parties —Do you consent to have the gifts (including generation-skipping transfers)
5 made by you and by your spouse to third parties during the calendar year considered as made one-half by each of you?
| — (See instructions.) (If the answer is ‘‘Yes,"’ the following information must be furnished and your spouse is to sign the
| consent shown below. If the answer is ‘‘No,”’ skip lines 12-17 and go to Schedule A.) + woe
+i/12 Name of consenting spouse [13 SSN
5 14 Were you married to one another during the entire calendar year? (See instructions.) . woe woe
115 If the answer to 14 is “No,” check whether L] married LJ divorcedor L] widowed, and give date (Gee instructions) >
16 Willa gift tax return for this calendar year be filed by your spouse? .

17 Consent of Spouse—! consent to have the gifts (and generation-skipping transfers) made by me and by my spouse to third parties during the calendar year considered as
made one-half by each of us. We are both aware of the joint and several liability for tax created by the execution of this consent.

|Consenting spouse's signature > Date >
1 Enterthe amount from ScheduleA,Part3,linel5 2 2. 2... Ld
2 Enterthe amount fromScheduleB,line3 2... 2... ee ee LB
3 Total taxable gifts (add lines 1and2). . . . . 3
4 Tax computed on amount on line 3 (see Table for Computing Tax i in separate instructions) 4
Note: /f you are reporting gifts made before January 1, 1988, see instructions.
5a Enter the lesser of line 30r $21,040,000 .... . 5a
b Subtract $10,000,000 from line 5a (do not enter less than zero) 5b
¢ Enter 5%(.05)ofline5b. . 2. a woe ee ee ee. BE
6 Total tentative tax on the amount on line 3 (add lines 4 and 5c) . fee ee. LE
c 7 Tax computed on amount on line 2 (see Table for Computing Tax i in separate instructions) 7
S| 8a Enter the lesser of line 20r $21,040,000 . . . . 8a
‘s b Subtract $10,000,000 from line 8a (do not enter less than zero) 8b
B) cc Enter5%(.05)ofline8b. . . . . re
& 9 Total tentative tax on the amount on line 2 (add lines 7 and &) Soe ee ee ee LY
rs 10 Balance (subtract line9 fromline6) . . . . . re 10
= 11 Maximum unified credit (nonresident aliens, see instructions) . oo . (41 192,800] 00
| 12 Enter the unified credit against tax allowable for all prior periods (from Sch. 'B, line 1, ‘col. ° 12
@|N| 13 Balance (subtract line 12 fromlinell) . . . . . 2... [38
3 s| 14 Enter 20% (.20) of the amount allowed as a specific exemption for gifts made after
5 . September 8, 1976, and before January 1, 1977 (see instructions) . . . . . . [44
3 15 Balance (subtract line 14 fromline13) . . . . So ee oe [AB
$} | 16 Unified credit (enter the smaller of line 10 or line 15). Soe ee oe. . [16
2 17 Credit for foreign gift taxes (see instructions) . . . 2... 1... 2. ee. 87
£] | 18 Totalcredits(addlines16and17). . . . . Se 2
5] | 19 Balance (subtract line 18 from line 10) (do not enter less than zero). » 2 ww ww LAD
= 20 Generation-skipping transfer taxes (from Schedule C, Part4,col.H, total). . . . . . . |20
B| | 21° Totaltax(addlines19and20). . . . sees [BL
2 22 Gift and generation-skipping transfer taxes prepaid with extension oftime to file . - 2. . 122
3 23 If line 22 is less than line 21, enter BALANCE DUE (see instructions) . . . ... . . [23
£ 24 _Ifline 22 is greater than line 21, enter AMOUNTTOBEREFUNDED. ...... . 24
@| Under penatties of perjury, | declare that have examined this return, including any accompanying schedules and statements, and ote best of ‘my knowledge and belief it
|_| true, correct, and complete, Declaration of preparer (other than donor) is based on all information of which preparer has any knowledge.
z Donor's signature > Date >

Preparer’s signature
(other than donor) > Date >

Preparer's address
(other than donor) >

For Paperwork Reduction Act Notice, see page 1 of the separate instructions to this form. Form 709 (Rev. 12-88)



Form 709 (Rev. 12-88)
Computation of Taxable Gifts

Page

Part 1.—Gifts Subject Only to Gift Tax. Gifts less political organization, medical, and educational exclusions—see instructions

Item
number | instrument. If the gift was securities, enter the CUSIP number(s), if available.

B
. Bi , c D
Donee’s name and address and description of gift. If the gift was made by means eg
ofa trust, enter trust's identifying number below and attach a copy of the trust Donor's adiusted aa

E
Value at
date of gift

Part 2.—Gifts Subject to Both Gift Tax and Generation-Skipping Transfer Tax. You must

Gifts less political organization, medical, and educational exclusions—see instructions

list the gifts in chronological order.

B c D
Donee’s name and address and description of gift. Ifthe gift was made by means eg
nite, | ofa trust, enter trust's identifying number below and attach a copy of the trust oops aries oak

instrument. If the gift was securities, enter the CUSIP number(s), if available.

G
Value at
date of gift

Part 3.—Gift Tax Reconciliation

1 Total value of gifts of donor(addcolumnEofPartsland2) . 2... 1 1 ee ee ee 1
2 One-half of items _....__ _-- attributable to spouse (see instructions) 2
3 > Balance (subtract line 2fromline1). . . Soe ee ee 3
4 Gifts of spouse to be included (from Schedule A, Part 3, ‘line 2 of spouse’ 's returi—see instructions) . [4
If any of the gifts included on this line are also subject to the generation-skipping transfer tax, check
here > C1 and enter those gifts also on Schedule C, Part 1.
5 Total gifts (add lines 3 and 4) . toe : 5
6 Total annual exclusions for gifts listed on Schedule A ‘(including line 4, above) ‘(see instructions) . 6
7 Total included amount of gifts (subtractline6fromline5). . 6 6 1 ee ee ee 7
Deductions (see instructions)
8 Gifts of interests to spouse for which a marital deduction will be claimed,
based on items of Schedule A 8
9 Exclusions attributable to gifts on line a
10 Marital deduction—subtract line 9 from line 8 tee ee es LO
11 Charitable deduction, based on items - _lessexclusions . L121 1
12 Totaldeductions—addlines10and11. 2 2 2. ee ee ee ee ee ey LH?
13 Subtract line 12fromline7. . . 13
14 Generation-skipping transfer taxes payable with this Form 709 (from Schedule C, Part 4, col. 1H, Total) 14
15__ Taxable gifts (add lines 13 and 14). Enter here and on line 1 of the Tax Computationonpagel. ._.| 15

(if more space is needed, attach additional sheets of same size.)


Form 709 (Rev. 12-88)

Page 3

Computation of Taxable Gifts (continued)

16 Terminable Interest (QTIP) Marital Deduction. (See instructions.)
 < Check here if you elected, under the rules of section 2523(f), to include gifts of qualified terminable interest property on line 8,

on page 2. Enter the item numbers (from Schedule A) of the gifts for which you made this election. .___._.....-.-------------

Gifts From Prior Periods

Did you (the donor) file gift tax returns for prior periods? (If “Yes,” see instructions for completing Schedule B below.) Tl _Yes O_No
c D
A “
B Amount of unified Amount of specific E
Calendar year or Internal Revenue office credit against gift ‘exemption for prior ‘Amount of
Gender gueres where prior return was filed fexforperigisater | petodsendingbefre taxable gifts

1 Totals for prior periods (without adjustment for reduced specific exemption) 1

2 Amount, if any, by which total specific exemption, line 1, column D, is more than $30,000. . . . 2
3. Total amount of taxable gifts for prior periods (add amount, column E, line 1, and amount, if any, on line a.
(Enter here and on line 2 of the Tax Computationonpagel.) . . . CC eee ee 3

Syei[a>)0aame Computation of Generation-Skipping Transfer Tax

Note: inter vivos direct skips which are completely excluded by the grandchild exclusion and/or the GST exemption
must still be fully reported (including value and exclusions and exemptions claimed) on Schedule C.

Part 1.—Generation-Skipping Transfers
Item N vau spit Git ba E F Grandchild Net Thanst
fem No. alue lit Gifts , randchil let Transfer
(rom Schedule A,| (from Schedule A, | (enter ¥s of col.) | Subtract co}. C Annual Exclusion Subtract col Exclusion (subtract col. 6
Part2,col.A) "|  Part2,col.E) "| (see instructions) - . Claimed from col. F)

Ifyou elected gift splitting and your
spouse was required to file a separate
Form 709 (see the instructions for
“Split Gifts"), you must enter all of
the gifts shown on Schedule A, Part
2, of your spouse’s Form 709 here.

In column C, enter the item

number of each gift in the order it ap- |

pears in column A of your spouse's
‘Schedule A, Part 2. We have
preprinted the prefix “S.” to
distinguish your spouse's item
numbers from your own when you
complete column A of Schedule C,
Part 4.

In column D, for each gift, enter
the amount reported in column C,
‘Schedule C, Part 1, of your spouse's
Form 709.

Splitgiftsfrom | Value included
spouse's Form 709 | from spouse's
(enter item number) Form 709

Total grandchild exclusions claimed on this return. Must alt total of column D,

ScheduleC,Part2.. :

(if more space is needed, attach additional sheets of same size.)