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Is the generation-skipping transfer (GST) tax repealed in 2010?

April 26, 2017generation-skipping GST repealed tax transfer

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Is the generation-skipping transfer (GST) tax repealed in 2010?

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Yes. Title V of EGTRRA repeals the generation-skipping transfer (“GST”) tax on direct skips, taxable terminations, or taxable distributions occurring after December 31, 2009 and before January 1, 2011.