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Molly contributed $500,000 to a revocable trust. She has a life expectancy of 14 years, and she will receive a 6% per year annuity from
Molly contributed $500,000 to a revocable trust. She has a life expectancy of 14 years, and she will receive a 6% per year annuity from the trust. At her death, the corpus will be paid to her son, Tom. What is Molly's taxable gift? $17,000$0$500,000$483,000
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