48. Donna contributes $1,000,000 of appreciated stock to a trust and appoints a commercial bank...
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48. Donna contributes $1,000,000 of appreciated stock to a trust and appoints a commercial bank trustee. The terms of the trust give Donna the right to determine who will enjoy the income of the trust property for 10 years. Donna dies 6 years after the transfer. What amount of the trust assets, if any, should be included in Donnas gross estate? A. $0 B. $1,000,000 C. $500,000 D. $1,000,000 less the income she received E. None of the Above
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