In 2021, Joshua gave $15,000 worth of XYZ stock to his son. In 2022, the XYZ shares

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In 2021, Joshua gave $15,000 worth of XYZ stock to his son. In 2022, the XYZ shares are worth $25,000.

What will be the gift tax in 2021?

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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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In 2021, Joshua gave $15,000 worth of XYZ stock to his son. In 2022, the XYZ shares

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As of my knowledge cutoff in September 2021 the United States has a federal gift tax system in place In 2021 the annual gift tax exclusion allows individuals to gift up to a certain amount to each rec...View the full answer

Personal Finance

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