Kevin transferred $4,000,000 to a GRAT naming his four children as the remainder beneficiaries. Kevin...
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Accounting
Kevin transferred $4,000,000 to a GRAT naming his four children as the remainder beneficiaries. Kevin retained an annuity from the GRAT valued at $1,500,000. If this is his only transfer during the year, what is Kevins total taxable gifts for the year?
$1,444,000.
$1,500,000.
$2,440,000.
$2,500,000
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