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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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