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Andrew and Brianna are married and live in Texas, a community property state. For their birthdays this year Andrew gave cash gifts of $23,900 to
Andrew and Brianna are married and live in Texas, a community property state. For their birthdays this year Andrew gave cash gifts of $23,900 to each of his two daughters, and Brianna gave $39,200 to her niece. What is the amount of Andrew's taxable gifts? 2018
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$4,600.
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None of the choices are correct.
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zero if Andrew and Brianna elect to split gifts.
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$10,000.
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$25,000.
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