Andrew and Brianna are married and live in Texas, a community property state. For their birthdays this year Andrew gave cash gifts of $25,150 to each of his two daughters, and Brianna gave $36,700 to her niece. What is the amount of Andrew's taxable gifts?

This year Samantha gave each of her three nephews birthday gifts of $10,100 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,050 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?

On January 1, X9, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and real property with a $3,000 tax basis secured by a $2,000 nonrecourse mortgage. High Air reported a $15,000 loss for its X9 calendar year. How much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation?