Question: Problem 2 5 - 4 7 ( LO 2 5 - 2 ) ( Static ) Celine is married to Willy. This year Celine transfers

Problem 25-47(LO 25-2)(Static) Celine is married to Willy. This year Celine transfers $500,000 into an irrevocable trust with the income to be paid annually to Willy for life (a life estate) and the remainder to Jenny. Calculate the amount of Celine's taxable gifts from the transfers.

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