Mr. Zeplin wants to make a cash gift to each of his five children, to each of
Question:
Mr. Zeplin wants to make a cash gift to each of his five children, to each of their five spouses, and to each of his 13 grandchildren. How much total wealth can he transfer to his descendants without making a taxable gift if:
a. He is an unmarried individual?
b. He is married to Mrs. Zeplin?
Assume the taxable year is 2018.
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a Mr Zeplin can transfer 345000 1...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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