Question
2/10/21: Janet transferred, in trust; $500,000 of Georgia Power Bonds to her younger sister, Bertha Jones. These bonds pay interest quarterly, and Janet reserved the
2/10/21: Janet transferred, in trust; $500,000 of Georgia Power Bonds to her younger sister, Bertha Jones. These bonds pay interest quarterly, and Janet reserved the income for her life. Janet was age 60 at the time of the gift. Assume the remainder interest is .25509. What is the amount of taxable gift to report on From 709?
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Portfolio Of Business And Management Audits
Authors: Baumhardt And Partner
1st Edition
3908131006, 978-3908131007
