Common Contracts
1 similar Internal Revenue Service Regulations contracts
Internal Revenue Service, Treasury § 25.2702–5Internal Revenue Service Regulations • October 23rd, 2024
and B’s child purchases the remainder inter- est for $50. Assume that the value of the property is $300, the value of the life estate determined under section 7520 is $250 and the value of the remainder interest is $50. B is treated as acquiring the entire property and transferring the remainder interest to B’s child. However, the amount of B’s gift is
