6. Identify and value each taxable gift made by Henry during his life. Where appropriate, explain any exemptions or exclusions that applied. Rachel and Sarah are Henry's daughters -In 2010, Henry gave Rachel, Sarah, and their spouses $250,000 each of community property. -In 2014, Henry gave Rachel, Sarah, and their spouses $300,000 each of his separate property. Henry paid gift tax of $125,125 on these gifts