Skip to main content
Level 2
Nov 16, 2022 5:26 PM UTC
Question

$16,000 gift exclusion

I know you can give anyone a gift of $16,000 per year but can you gift that amount to an irrevocable trust inwhich I am the trustee?

    1 reply

    Level 15
    Nov 16, 2022 5:30 PM UTC

    Who is/are the beneficiary/beneficiaries?

     

    A gift in trust is deemed to be a gift to the beneficiaries.