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Alec Rondeau was never married and never made taxable gifts until 2019. In 2019 he gifted $16,500,000 of marketable securities to his five adult nephews,
Alec Rondeau was never married and never made taxable gifts until 2019. In 2019 he gifted $16,500,000 of marketable securities to his five adult nephews, outright. Each nephew received 1/5th. What is Alec's gift tax liability?
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