### Question
Can you define what taxable event means?


### Answer
**Taxable event** is defined as the following in *26 U.S.C. § 2701*:

> any of the following:



(i) The death of the transferor if the applicable retained interest conferring the distribution right is includible in the estate of the transferor

#### Citation:
  - *26 U.S.C. § 2701*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 14-SPECIAL VALUATION RULES**

