Question
S transfers $100,000 to an irrevocable trust, the income of which is to be shared equally by A and B for 10 years, remainder to
S transfers $100,000 to an irrevocable trust, the income of which is to be shared equally by A and B for 10 years, remainder to C. How many annual exclusions are available for S, and in what amount if the § 7520 rate is 2%? See Treas. Reg. § 25.2503-3(a).
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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