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NYS Treatment of Gifts Vs the Feds

  • 1.  NYS Treatment of Gifts Vs the Feds

    Platinum Most Valuable Member
    Posted 03-16-2019 06:25
    May i ask. about gifts
    gift which are made on a regular basis to children from parents for $20,000 per year.which is above the annual exclusion

    Could someone please illustrate the difference between the federal treatment and the NYS treatment as far as inclusion into the estate when preparing an Estate tax Return ( which i will never do ).
    It is my understanding that gifts made with in 3 years are added back for NYS purposes., but not feds.  If i am correct,  what would be the amount of add back.

    a little clarity appreciated.


    Abby Alhante
    Melville NY