A Guide to Allocation of Generation Skipping Tax (GST ...

Formula. Timing 8. Options. ... and a lifetime exemption of $1 million adjusted for inflation and the 55% GST tax rate will apply again. ... filing a gift tax return for gifts to the ILIT, or is not. making the proper election on the gift tax return to. elect out of the indirect skip rules, his or her GST ... ................
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