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mg24611
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What is Generation skipping tax?

 
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‎June 7, 2019 4:14 PM
last updated ‎June 07, 2019 4:14 PM
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ChrisJ
New Member

What is Generation skipping tax?

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.

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‎June 7, 2019 4:14 PM
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ChrisJ
New Member

What is Generation skipping tax?

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.

‎June 7, 2019 4:14 PM
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