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Arlene, a single woman, transferred $2,000,000 to a GRAT naming her daughter as the remainder beneficiary, while retaining an annuity with a present value of
Arlene, a single woman, transferred $2,000,000 to a GRAT naming her daughter as the remainder beneficiary, while retaining an annuity with a present value of $600,000. If this is the only transfer that Arlene made during the year, what is Arlene's total taxable gift for the year?
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