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Yes, and thx for the reply - I did see this on other posts looking at where the amplifier is and stumbled on LS430 posts with the water damage in this location.
I will have to find the source and am thinking the first place to look is behind the trunk panels near the rear tail light -
Plus there was so much garbage in the hinge rain gutter area I would not be surprised that water got in there and pushed over the trunk gasket area.
I had to take small wire brushes and clean out the hinge/gutter area.
I spent about 2 hours this morning just cleaning this hinge/gutter area.
Surprisigly there is no rust in the this area, just a lot of dead leaves that turned into crummy muck cleaning it out - the area was full of debris all the way to the beginning of the window area.
it was worse than this photo I found