Indicate by a T If the Following Results in a Taxable

question 83

Short Answer

Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift.
-$600,000 placed in an irrevocable trust

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Definitions:

The Internet

A global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices.

Information

Data that is processed, organized, and contextualized to have meaning and value.

Printing Press

A mechanical device for applying pressure to an inked surface resting upon a print medium, revolutionizing the dissemination of knowledge by making books less expensive and more widely available.

Executed Prisoners

Individuals who have been put to death as a result of being convicted of certain crimes, under the authority of a legal system.