Question
in 2022, Christian transferred $60,000 to an irrevocable trust for the benefit of his three adult daughters. The three daughters share income equally for five
in 2022, Christian transferred $60,000 to an irrevocable trust for the benefit of his three adult daughters. The three daughters share income equally for five years and then the corpus of the trust is to be divided equally among them. What is the amount of the taxable gifts, if any, made by Christian?
60,000
44,000
9,000
12,000
none of the above
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
