Assume the same facts as in Problem 44, except that Gordon and Fawn are husband and wife

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Assume the same facts as in Problem 44, except that Gordon and Fawn are husband and wife (not brother and sister).
a. What are the gift tax consequences in 2012?
b. What are the estate tax consequences in 2018?
c. Under part (b), would your answer change if it was Fawn (not Gordon) who died in 2018? Explain.
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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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