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1)Taxpayer and spouse make the following gifts during the year. Calculate the total taxable gift to taxpayer and spouse. Assume that no portion of the

1)Taxpayer and spouse make the following gifts during the year. Calculate the total taxable gift to taxpayer and spouse. Assume that no portion of the lifetime exclusion amount is used.

a.Creation of a trust for their minor grandchildren with $30,000 of assets; taxpayer and spouse retain control of the trust.

b.Contribution of appreciated real estate valued at $1 million to a recognized charitable organization

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