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Get your taxes done using TurboTax
Thanks. But, this seems like a circular issue. If one's estate includes all of one's assets, it should be irrelevant whether they are in or out of a trust. The estate is the estate. By taxing a trust, which is part of one's estate, the IRS is essentially saying that the $11.58MIL limit "doesn't hold water". Rather, they can tax any portion of one's estate they want regardless of the $11.58MIL exclusion. I know you can't solve this regulatory issue - just blowing off a little steam. Thank for your assistance.
‎February 25, 2021
5:35 PM