Gift tax and trust 709?

[oboero2]

Do you need to file form 709(gift tax) when putting your property into a revocable trust, when the trustor and trustee of the trust is still you?

[tagteam]

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@oboero2 wrote:

Do you need to file form 709(gift tax) when putting your property into a revocable trust, when the trustor and trustee of the trust is still you?

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No, not when you set up and fund a grantor trust.

There is no need to file a 709 because you have not irrevocably gifted the money to another individual.