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Business & farm
@nofan wrote:....I don’t feel so easy rolling the dice with not reporting it......
In no way was I suggesting, nor would I every suggest, that you NOT report it nor fail to properly and completely prepare the 709 prior to filing. I'm sorry if you interpreted anything in post to the contrary.
Since the IRS retains these things seemingly forever, it's a good idea and prudent to seek advice and guidance from a local professional who is familiar with estates and trusts including the entire gift tax schema.
February 26, 2025
10:54 AM