Because John was so happy that Dana had agreed to become his fiancee, on February 2, 2019,
Question:
Because John was so happy that Dana had agreed to become his fiancee, on February 2, 2019, he gave Dana’s mother, Ethel,
$15,000 in cash.
a. Does this gift qualify for gift-splitting?
b. Does this gift qualify for gift-splitting if John and Dana marry by December 31, 2019?
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a For giftsplitting to occur the gift must be made by one spouse the donor to a third p...View the full answer
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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