Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift.
-_____b. Corky transferred ownership of a $50,000 life insurance policy with a $5,000 cash surrender value to his wife.

Question

Quizplus · Accepted Answer

The Answer of Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift.
-_____b. Corky transferred ownership of a $50,000 life insurance policy with a $5,000 cash surrender value to his wife.

Indicate by a T If the Following Results in a Taxable