Stephen transferred $19,125 to an irrevocable trust for Graham. The trustee has the discretion to...
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Stephen transferred $19,125 to an irrevocable trust for Graham. The trustee has the discretion to distribute income or corpus for Graham's benefit but is required to distribute all assets to Graham (or his estate) not later than Graham's 21st birthday. What is the amount, if any, of the taxable gift? ( Answer is complete but not entirely correct
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