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Laura transfers $527,500 into trust with the income to be paid annually to her spouse,...

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Accounting

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Laura transfers $527,500 into trust with the income to be paid annually to her spouse, William, for life (a life estate) and the remainder to Jenny. Required: Calculate the amount of the taxable gifts from the transfers. Amount of taxable gifts Laura transfers $527,500 into trust with the income to be paid annually to her spouse, William, for life (a life estate) and the remainder to Jenny. Required: Calculate the amount of the taxable gifts from the transfers. Amount of taxable gifts

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