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3. On December 15, 2015, Amanda sends Peter, her son, a check for an amount equal to the $2503(b) gift tax annual exclusion. c. Peter

3. On December 15, 2015, Amanda sends Peter, her son, a check for an amount equal to the $2503(b) gift tax annual exclusion. c. Peter deposits the check in his bank on December 28, 2015. Amanda dies on December 29, 2015. The check clears Amanda's bank on January 2, 2016. What are the gift tax consequences

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