Business, 17.12.2020 17:10 idenneymarie

Alexis transferred $400,000 to a trust with directions to pay income to her spouse, William, for his life. After William's death the corpus of the trust will pass to William's son. If the life estate is valued at $72,000, what is the total amount of the taxable gifts?? a. $386,000
b. $59,000
c. $374,000
d. $324,000
e. None of these

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Alexis transferred $400,000 to a trust with directions to pay income to her spouse, William, for his...

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