Income Ordering Rule Shift Benefit to Lower Generation

Tax Notes Volume 163, Number 7, May 2019

8 Pages Posted: 13 Jun 2019

Date Written: May 13, 2019

Abstract

PLR 201825007, which says the conversion of a multigenerational income trust to a unitrust, with an ordering rule allocating realized gains to income, does not impair the status of the trust as exempt from the generation-skipping transfer tax, is wrongly decided.

Keywords: generation-skipping transfer tax, unitrust conversion, income ordering rule

Suggested Citation

Willis, Russ, Income Ordering Rule Shift Benefit to Lower Generation (May 13, 2019). Tax Notes Volume 163, Number 7, May 2019. Available at SSRN: https://ssrn.com/abstract=3402530

Russ Willis (Contact Author)

The Greystocke Project ( email )

1042 East Lester Street
Tucson, AZ 85719
United States
314.566.3386 (Phone)

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