Question: points eBook Print References Check my workCheck My Work button is now enabled 2 Item 7 Stephen transferred $ 2 8 , 0 0 0

points

eBook

References

Check my workCheck My Work button is now enabled

2

Item

7

Stephen transferred $

28, 000

to an irrevocable trust for Graham. The trustee has the discretion to distribute income or corpus for Graham's benefit but is required to distribute all assets to Graham

(

or his estate

)

not later than Graham's

21

stGraham's

21

to the power of st birthday.

What is the amount, if any, of the taxable gift?

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