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Andrea names a bank as independent trustee but retained the

Andrea transferred $500,000 of stock to a trust, with income to be paid to her neice for 20 years (value $125,000) and the reminder to her nephew (value #375,000). Andrea names a bank as independent trustee but retained the power to determine how much income, if any, will be paid in any particular year. What is the amount of the taxable gift, if any? Please provide step by step details on how you found your answer.

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Accounting Basics: Andrea names a bank as independent trustee but retained the

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Accounting Basics: Andrea names a bank as independent trustee but retained the

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