In June, Tina makes cash gifts of $700,000 to her husband and $100,000 to the City Art

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In June, Tina makes cash gifts of $700,000 to her husband and $100,000 to the City Art Museum. What are the amounts of the deductions available for these gifts when calculating Tina’s income tax and gift tax liabilities if she does not elect gift splitting?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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