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Stephen transferred $17,500 to an irrevocable trust for Graham. The trustee has the discretion to distribute income or corpus for Grahams benefit but is required

Stephen transferred $17,500 to an irrevocable trust for Graham. The trustee has the discretion to distribute income or corpus for Grahams benefit but is required to distribute all assets to Graham (or his estate) not later than Grahams 21st birthday. What is the amount, if any, of the taxable gift?

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