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Identify which of the following statements is true.

Mandarini

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7 years ago

Identify which of the following statements is true.

Identify which of the following statements is true.
A) The trustee of a Sec. 2503(c) trust must distribute all of the corpus and accumulated income when the beneficiary reaches the age of 25.
B) The gift tax exclusion is available for a gift of a present or future interest.
C) A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which assets are transferred to the trust.
D) All of the above are true.

Textbook

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Edition: 27^th

Authors: Anderson, Pope, Rupert

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Mandarini Author

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7 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

lolaww

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Thanks for your help!!

Goku935

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Thanks

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