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Burt and Lisa are married and live in a common law state. They want to make gifts to their four children in 2020 . What

Burt and Lisa are married and live in a common law state. They want to make gifts to their four children in 2020 . What is the maximum amount of the annual exclusion they will be allowed for these gifts?

a.

$15,000.

b.

$30,000.

c.

$60,000.

d.

$120,000.

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