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The answer is no. A POD clause does not go through probate. It is not a probate matter. At one's passing, the bank would simply turn the account over to the beneficiary on the POD. The beneficiary would not pay any type of estate or gift taxes, because this would not be a probate matter. The whole point of the POD is to avoid probate.
This would be seen as income tax, however. They would have to report it as such.
Otherwise, this is not taxable as it is not probate, and it falls well below the threshold of millions of dollars when the federal tax applies in such a situation (that the estate would have to pay anyhow, not the beneficiary).
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