All of the following are true concerning trusts with qualified annuity interests except: a) Subsequent contributions may

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All of the following are true concerning trusts with qualified annuity interests except:

a) Subsequent contributions may be made into such a trust.

b) A withdrawal right will not qualify as an annuity interest.

c) It is an irrevocable right to receive fixed payments from the trust.

d) The payment is a fixed percentage of the initial trust value.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 11, 2023 05:48 AM

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