M-MTax
Level 12

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.