Question
Polly transferred $3,500,000 to a GRAT in 2018 naming her two sons as the remainder beneficiaries, while retaining an annuity presently valued at $860,000. Assuming
Polly transferred $3,500,000 to a GRAT in 2018 naming her two sons as the remainder beneficiaries, while retaining an annuity presently valued at $860,000. Assuming that Polly had already given $11,180,000 in cumulative adjusted taxable gifts over the years, what portion of this transfer would be considered a taxable gift in 2018?
- 860000
- 1140000
- 2625000
- 2640000
- 3500000
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
