California  |  Wills and Trusts

Legal Question

Asked on: 5/19/13, 9:33 am

Does gifts given to minors under UTMA quality as part of the annual gift exclusion limit, even if the gift is minority interests in a partnership (LLC)? Are there situations where gifts under UTMA do not quality for annual gift exclusion limit?

1 Answer

Answered on: 5/19/13, 7:33 pm by Victor Waid

This is really a tax consequences question and should be addressed to a tax accountant CPA.

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