Document Type
Article
Publication Date
1-28-2013
Abstract
In Wimmer, the Tax Court held that the income stream from a taxpayer’s gifts of family limited partnership interests was eligible for the annual exclusion. By comparing the income interest in the partnership’s dividend paying marketable securities to the income interest in a trust, the court made Wimmer a winner. But does the opinion logically lead to that conclusion?
Recommended Citation
Wimmer Wins FLP Annual Exclusions, 138 Tax Notes 489 (January 28, 2013)
Included in
Estates and Trusts Commons, Family Law Commons, Taxation-Federal Commons, Taxation-Federal Estate and Gift Commons, Tax Law Commons