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1. Jack and Jill are unrelated. a. Jack gives Jill $10,000 on May 1. What are the gift tax consequences? b. Jack also gives Jill
1. Jack and Jill are unrelated. a. Jack gives Jill $10,000 on May 1. What are the gift tax consequences? b. Jack also gives Jill $10,000 on September 1. What are the gift tax consequences? c. Same as 1.b., except that Jack and Jill are married.
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