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An individual made the following cash gifts in a year when the annual exclusion was $15,000: Donee Amount of Gift His daughter $16,000 A qualified
An individual made the following cash gifts in a year when the annual exclusion was $15,000: Donee Amount of Gift His daughter $16,000 A qualified charity 20,000 His sister 5,000 His brother 10,000 His mother 26,000 What was the total amount of taxable gifts that year? $24,000 $12,000 $44,000 O $75,000 An individual made the following cash gifts in a year when the annual exclusion was $15,000: Donee Amount of Gift His daughter $16,000 A qualified charity 20,000 His sister 5,000 His brother 10,000 His mother 26,000 What was the total amount of taxable gifts that year? $24,000 $12,000 $44,000 O $75,000
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