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Investors & landlords
So just to confirm, its also ok for both a trustee and beneficiary to make such a gift to the same trust ?
It's technically OK but it's not a gift at all if the settlor, trustee, and beneficiary is the same person and beneficiaries cannot give gifts to themselves. Also any gift to a trust is not a gift to the trust but a gift to the beneficiaries for federal tax purposes.
‎April 26, 2024
9:32 AM