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New Member
posted Jun 7, 2019 4:14:50 PM

What is Generation skipping tax?

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New Member
Jun 7, 2019 4:14:52 PM

These are taxes you have to pay when you're given a large gift by a relative other than your parent. If you paid these taxes, you can deduct them as long as you include the value of the gift in your taxable income.

1 Replies
New Member
Jun 7, 2019 4:14:52 PM

These are taxes you have to pay when you're given a large gift by a relative other than your parent. If you paid these taxes, you can deduct them as long as you include the value of the gift in your taxable income.