Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They

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Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They have three children and five grandchildren.

How much money can Barry and Mary gift to their children in 2021 without any gift tax liability?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 12, 2023 02:47 AM

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Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They have three children and five grandchildren. How much money can Barry and Mary gift to their...
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Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They

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In 2021the annual gift tax exclusion was 15000 per recipientSince Barry and Mary have ...View the full answer

Personal Finance

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