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:

Quotation Marks

Punctuation marks used at the beginning and end of a phrase or passage to indicate it is a direct speech or a quotation.

Semicolon

A punctuation mark (;) used to link two independent clauses that are closely related in thought or to separate items in a complex list.

Independent Clauses

These are groups of words that contain a subject and a verb and express a complete thought, capable of standing alone as a sentence.

Correct Tense

The appropriate use of verb tenses in a sentence to accurately convey the timing of actions.