An individual has property with a cost of $2,100 and a current fair market value of $2,500. Seven Scenarios are presented for the transfer of this property by the settlor to a trust. For each Scenario, indicate the tax consequences to the settlor at the time of transfer, as well as the adjusted cost base of the property within the trust.

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The Answer of An individual has property with a cost of $2,100 and a current fair market value of $2,500. Seven Scenarios are presented for the transfer of this property by the settlor to a trust. For each Scenario, indicate the tax consequences to the settlor at the time of transfer, as well as the adjusted cost base of the property within the trust.

An Individual Has Property with a Cost of $2,100 and a Current