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Old 09-20-2024, 12:48 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Bill14564 View Post
In that case, if the exclusion is unknowable, then there is no reason to be concerned at all.
Note that lifetime gifting, while you are alive, of $18,000 each per year to as many people as you want will reduce your lifetime exclusion. So, even a billionaire can totally eliminate their Federal estate tax by gifting.