Question
51.In March, Ted Thrifty created a trust for his son, Doug . Under the terms of the trust, Doug is to get for life the
51.In March, Ted Thrifty created a trust for his son, Doug. Under the terms of the trust, Doug is to get for life the entire income from the property with the remainder going to Ted's grandson at Doug's death. The annual exclusion for gifts would apply to Ted's gift in trust to his son, Doug.
A.True.
B.False.
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
