Respondent has determined a deficiency in gift tax in the sum of $7,814.76 for the calendar year 1941. There are four issues submitted: (a) May the value of the property for gift tax purposes be reduced by the amount of gift tax paid out of the property subsequent to the gift; (b) did the respondent use the correct method to determine the commuted value of the remainder interests and the correct factor in computing the amount of the gift represented by annuities; (c) the...
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