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Check my won 17 David placed $80,000 in trust with income to Steve for his life and the remainder to Lil (or her estate). At

Check my won 17 David placed $80,000 in trust with income to Steve for his life and the remainder to Lil (or her estate). At the time of the gift, given the prevailing interest rate, Steve's life estate was valued at $65,000 and the remainder at $15,000. What is the amount, if any, of David's taxable gifts? 10 points Taxable gift to Steve Taxable gift to Lil eBook Print References

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