Business, 25.07.2020 02:01 Renarock

In 2013 and with $200,000, Alice purchases a CD at State Bank listing title as follows: "Alice, payable on proof of death to Clark." Alice dies in 2020 and Clark (Alice's nephew) redeems the CD (now worth $205,000). Disregarding the annual exclusion, what is Alice's gift to Clark for both years

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In 2013 and with $200,000, Alice purchases a CD at State Bank listing title as follows: "Alice, paya...

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