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Posted on Aug 28, 2024

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.

After making this gift, what is the remaining amount of Alans lifetime exemption?

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