John gave $30,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts

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John gave $30,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts during the year.
a. How much are John's taxable gifts if gift splitting is not elected?
b. How much are John's taxable gifts if gift splitting is elected?

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Taxation For Decision Makers 2017

ISBN: 9781119330417

7th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Oct 26, 2017 03:37 AM

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John gave $30,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts

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Taxation For Decision Makers 2017

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