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What is the generation-skipping transfer tax amount

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Reference no: EM133254073

Pearl gave $11.7 million in securities to her granddaughter Ruby in 2021. Pearl, a widow, had never made any gift to Ruby prior to the 2021 transfer. Pearl allocated $1,170,000 of her GST exemption to this direct skip. What is the generation-skipping transfer tax amount, and who must pay it?

Reference no: EM133254073

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