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Subject:  Re: re post above estate tax avoidence Date:  11/19/2009  10:13 PM
Author:  susan400 Number:  107738 of 127753

Bill, just to clarify.
I know about the annual gift exclusion 1ike 12,000/ yr or whatever it is now.

But as well, is there a a lifetime big # exclusion?

Or precisely, if someone gifts a 500,000$ piece of real estate,
are gift taxes due on ~489,000?

TIA susan
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