You're correct in the sense that gift splitting is not necessary to the extent that the gifts were from your joint account and, therefore, one-half is considere...
1. Yes, you each file a separate 709.2. You split gifts with your spouse so each can take advantage of your entitlement to the lifetime exemption. Mail both for...
The FMV stepup should be on the termination of the life estate.It's when the life estate ends and the interest becomes vested in the person(s) (or entity, such ...
Grantor trusts virtually always have 1041s that show blanks or zeros. Everything gets passed through to the grantor on the grantor information statement which T...
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