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#1
03-12-2025, 10:44 AM
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Only caveat is that the 13 million, I believe, is a federal number. There might be lower state tax exclusions although I may be thinking of state estate taxes, not gift taxes.
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Net 54-- the discussion board where people resent discussions.  My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 03-12-2025 at 10:49 AM. 
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#2
03-12-2025, 02:22 PM
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Quote:
__________________
Successful NET54 transactions: robw1959, Tyruscobb
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#3
03-15-2025, 01:31 PM
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Gift Tax/Generation-Skipping Form 709
Peter was spot on…
I'm replying because of a recent inquiry in 2024 regarding skipping a generation when it comes to estate taxes… The actual skipping is reported on 709 but I believe it has to be done within 9 months of the passing of the parent/grandparent. so I believe that possibility is out of the question for you. but check into the form 709 Use Form 709 to report: Transfers subject to the federal gift and certain generation-skipping transfer (GST) taxes.Jan 30, 2025 good luck.
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#4
03-16-2025, 02:20 AM
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Quote:
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Successful NET54 transactions: robw1959, Tyruscobb
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