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Old 03-27-2017, 10:20 PM
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Join Date: Mar 2017
Location: Roy, Utah
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distributing inheritance

My wife is the sold beneficiary of her father's estate, mainly consisting of a mutual fund account. Her intention is to distribute this money to her siblings (there is no will or any other instructions from her father). For tax purposes, I would assume these distributions would be considered gifts, requiring her to observe the annual gift limitation of $14,000. Are we thinking correctly?



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