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M-MTax
Level 10

Can a trustee and beneficiary of a irrevocable trust gift money to the same trust, if so how much is allowed and does the trust have to pay taxes on such a gift ?

The grantor can add money to the trust unless there is some specific prohibition which is not very likely.

 

It's not a gift if you give something to yourself. This would be nothing more than a deposit......a transfer of money to the trust which the trustee-bene already owns.

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