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Assume Mya, a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019. What would be the amount of the gift tax due
Assume Mya, a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019.
What would be the amount of the gift tax due if Mya made no gifts before 2020 but made taxable gifts of 6,000,000 in 2020? What are the gift tax ramifications of the transfer what is the amount of the gift tax payable?
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