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3. Taxpayer I (I) transferred $8,000,000 to irrevocable trust T (T) in 2020. The terms of trust T are that T will pay I trust

3. Taxpayer I ("I") transferred $8,000,000 to irrevocable trust T ("T") in 2020. The terms of trust T are that T will pay I trust income for as long as T is alive, and at the end of T's life, pay the remainder to T's son S. a. Has I made a taxable gift in 2020? If so, how much

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