Tax Drill - Irrevocable Trust Anton creates an irrevocable trust for his children with a...
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Tax Drill - Irrevocable Trust Anton creates an irrevocable trust for his children with a transfer of income-producing property and an insurance policy on the life of Celine, his wife. During the year, the trustee uses $4,800 of the trust income to pay the premiums on the policy covering Celine's life. The trust is X taxed on $4,800 of the trust's income
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