Two years ago Nils transfers a $200,000 life insurance policy on his life to his daughter, Gail.
Question:
a. $0
b. $50,000
c. $150,000
d. $166,667
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Related Book For
South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts
ISBN: 9781305399884
39th Edition
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
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