@NCperson wrote:@M-MTax huh? there is no estate tax if the value of the estate is less than $13.99mm (2025) or $15mm (2026). THAT is a totally difference conversation than whether the estate pays INCOME tax. I am NOT confused at all.
You wrote "$15 million" in your previous post which would apply to 2026, not 2025. The lifetime exemption would be applicable to 2025 (or earlier), but not 2026, so the exemption is $13.99 million at most.
Also, I'll return your "HUH?" right back to you. If, as you now state it's a "totally difference conversation" then WHY did you even bother to mention it in your post? Again you ARE confused.
