On December 31, 2019, George gives $15,000 to his son and $15,000 to his sons wife. On

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On December 31, 2019, George gives $15,000 to his son and

$15,000 to his son’s wife. On January 1, 2020, George gives another $15,000 to his son and another $15,000 to his son’s wife.

George made no other gifts to his son and his son’s wife in 2019 and 2020. What is the gift tax?

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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Question Posted: Jul 23, 2024 06:03 AM

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On December 31, 2019, George gives $15,000 to his son and $15,000 to his sons wife. On

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Personal Finance

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