miaroman8898 miaroman8898

13-01-2024
Advanced Placement (AP)

contestada

Roy purchased a Remington bronze sculpture for $35,000. Seven years ago, when it was worth $75,000, Roy gifted the sculpture to an irrevocable grantor trust. Roy is the owner of the trust, but the trust document says it will not become part of Roy's estate. Which of the following statements is TRUE?

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