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If mom died and left $50K bank account, which named her 2 adult children as equal beneficiaries and no estate, does mom's tax need to include form 709?
Mom did not leave any estate other than $50K bank account. Mom never made any gifts before, so she has full exclusion. Each kid inherited $25K. Is there any need for anyone to fill out form 709?
‎June 6, 2019
2:04 AM