Question
Assume no prior taxable gifts by D. In 2015, D makes taxable gifts aggregating $100,000 (net of the annual exclusion) to A.In 2016, D makes
Assume no prior taxable gifts by D. In 2015, D makes taxable gifts aggregating $100,000 (net of the
annual exclusion) to A.In 2016, D makes a taxable gift of $250,000 (net of the annual exclusion) to B. What is the gift tax liability in 2016?
A.$0
B. $23,800
c. $81,000
D. None of the above
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
