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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">Maybe someone could provide an explanation of what this means in these circumstances:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">A Washington resident owns a nonbusiness out-of-state vacation home in an LLC.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">A Washington resident owns an out-of-state rental home in an LLC.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">An out-of-state resident owns a Washington vacation home in an LLC.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">An out-of-state resident owns a Washington rental home in an LLC.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">Thanks in advance.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E">Karl<o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-family:"Times New Roman",serif;color:#0F243E"><o:p> </o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Times New Roman",serif;color:#0F243E">F</span></i><i><span style="font-size:9.0pt;font-family:"Times New Roman",serif;color:#0F243E">LACCUS</span></i><i><span style="font-family:"Times New Roman",serif;color:#0F243E">
L</span></i><i><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#0F243E">A</span></i><i><span style="font-size:9.0pt;font-family:"Times New Roman",serif;color:#0F243E">W</span></i><i><span style="font-family:"Times New Roman",serif;color:#0F243E"><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#0F243E">7010 35th Ave. N.E.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#0F243E">Seattle, Washington 98115<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#0F243E">206 523-0297</span><span style="color:#0F243E"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#0F243E"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-family:"Times New Roman",serif;color:#0F243E">I</span></i><i><span style="font-size:9.0pt;font-family:"Times New Roman",serif;color:#0F243E">nformation in this e-mail message is privileged, confidential, and intended
only for the use of the recipient named. If you received this in error, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited – please notify us by telephone immediately at (206) 523-0297, and
delete the original message. Thank you.<o:p></o:p></span></i></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#0F243E"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Philip N. Jones<br>
<b>Sent:</b> Thursday, May 28, 2020 4:27 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Special Notice - Estate tax treatment of real property owned by business entities<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">A very interesting new development. Washington and Oregon are apparently now on the same page on this issue.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Phil Jones<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Portland, OR<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Derek Jensen<br>
<b>Sent:</b> Thursday, May 28, 2020 4:22 PM<br>
<b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBAPT] FW: Special Notice - Estate tax treatment of real property owned by business entities<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Just received in my in-box: New treatment for real property owned by business entities.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" style="background:white"><span style="font-family:"Helvetica",sans-serif;color:#833C0B">Sincerely,</span><span style="color:#833C0B"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-family:"Helvetica",sans-serif;color:#833C0B"> </span><span style="color:#833C0B"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:14.0pt;font-family:"Helvetica",sans-serif;color:#833C0B">Derek W. Jensen,
</span><span style="font-family:"Helvetica",sans-serif;color:#833C0B">JD, LLM</span><span style="color:#833C0B"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-family:"Helvetica",sans-serif;color:#833C0B">Managing Attorney</span><span style="color:#833C0B"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:10.0pt;font-family:"Helvetica",sans-serif;color:#833C0B">Jensen Law Office, PLLC</span><span style="color:#833C0B"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#833C0B"><o:p> </o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> Corinna O'Connor <<a href="mailto:corinnao@DOR.WA.GOV">corinnao@DOR.WA.GOV</a>>
<br>
<b>Sent:</b> Thursday, May 28, 2020 4:10 PM<br>
<b>To:</b> <a href="mailto:ESTATE-TAX-NOTIFICATIONS@LISTSERV.DOR.WA.GOV">ESTATE-TAX-NOTIFICATIONS@LISTSERV.DOR.WA.GOV</a><br>
<b>Subject:</b> Special Notice - Estate tax treatment of real property owned by business entities<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p><span style="font-family:"Arial",sans-serif">The Department of Revenue has issued a special notice in regards to the estate tax treatment of real property owned by business entities.</span><o:p></o:p></p>
<p><span style="font-family:"Arial",sans-serif">This special notice is effective June 1, 2020 and can be found by clicking the following link.</span><o:p></o:p></p>
<p><a href="https://dor.wa.gov/sites/default/files/legacy/Docs/Pubs/SpecialNotices/2020/sn_20_EstateTaxTreatment.pdf"><span style="font-family:"Arial",sans-serif">https://dor.wa.gov/sites/default/files/legacy/Docs/Pubs/SpecialNotices/2020/sn_20_EstateTaxTreatment.pdf</span></a><o:p></o:p></p>
<p><span style="font-family:"Arial",sans-serif">The special notice is located under the Forms & Publication section of the Estate Tax section on the department's homepage, as well.</span><o:p></o:p></p>
<p><span style="font-family:"Arial",sans-serif"><a href="https://dor.wa.gov/taxes-rates/other-taxes/estate-tax"><span style="font-size:13.5pt">https://dor.wa.gov/taxes-rates/other-taxes/estate-tax</span></a></span><o:p></o:p></p>
<p><span style="font-family:"Arial",sans-serif">For questions, please call the estate tax team at 360-534-1503, option 2, or send an e-mail to
<a href="mailto:estates@dor.wa.gov">estates@dor.wa.gov</a>. </span><o:p></o:p></p>
<p class="MsoNormal">To join or leave this list, change your settings, or view the the list archives, go to https:listserv.wa.gov/cgi-bin/wa?A0=estate-tax-notifications
<o:p></o:p></p>
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