Gerhard65
Level 2
01-05-2024
01:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It is a New Jersey property, and the asset was her primary residence and transferred into the trust by deed in 2016. It is an irrevocable Grantor Trust (IRC 671-677) and the Grantor retains the right to the taxable gain exclusion pursuant to IRC 121(a), 121(d)(8)(a) and 121(d)(T) A&B.