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Assume D , a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019. In January of 2014, D makes a taxable gift
Assume D, a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019.
In January of 2014, D makes a taxable gift in the amount of $1,500,000. What are the gift tax ramifications of the transfer? What is the amount of the gift tax payable? Must D file a gift tax return?
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