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Alec Rondeau was never married and never made taxable gifts until 2017 . In 2017 he gifted $6,500,000 of marketable securities to his five adult
Alec Rondeau was never married and never made taxable gifts until 2017. In 2017 he gifted $6,500,000 of marketable securities to his five adult nephews, outright. Each nephew received 1/5th. What are Alec's taxable gifts and gift tax liability?
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