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Which of the following is not a tax consequence associated with a defective trust? Question 1 options: The income tax is shared by the trust
Which of the following is not a tax consequence associated with a defective trust?
Question 1 options:
The income tax is shared by the trust and the trust beneficiaries
The Grantor is subject to income tax
For gift tax purposes, a gift into this trust is complete
The trust assets are removed from the Grantor's estate
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