Question
Alan Jones, who had not previously used any of his lifetime exemption, gave his brother a cash gift of $ 28,000 on January 1, 2022
Alan Jones, who had not previously used any of his lifetime exemption, gave his brother a cash gift of $ 28,000 on January 1, 2022. Alan is not married. Required 1. After making this gift, what is the remaining amount of Alans lifetime exemption?
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Financial Accounting A Concepts Based Introduction
Authors: David Kolitz
1st Edition
1138844977, 978-1138844971
