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Business & farm
Yup. So we've filed the partnership returns in the past with the grantor as the member, and I now have an EIN for the irrevocable trust member post-death. Just unsure how that "transfer" from the grantor (revocable) to the trust (irrevocable) is viewed for tax purposes - i.e. is it treated as a sale that triggers gain for the grantor?
@Critter-3 yeah, it's coming around to that. Just hoping to work out as much as we can on our own at this point.
‎September 5, 2020
12:14 PM