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Chris made the following Gifts: Gift of home to daughter valued at $275,000 at time of gift that he purchased for $250,000, Cash gift to
Chris made the following Gifts: Gift of home to daughter valued at $275,000 at time of gift that he purchased for $250,000, Cash gift to Son for $250,000, Investment portfolio transferred to his wife valued at $3,500,000 at time of gift and his investment basis was $1,500,000 Calculate the 2019 Taxable gift amount and the gift tax.
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