Question
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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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
