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Discussion Question 1-21 (a) (LO. 4) Nathan and Diana are husband and wife and have three married children and seven minor grandchildren. For tax

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Discussion Question 1-21 (a) (LO. 4) Nathan and Diana are husband and wife and have three married children and seven minor grandchildren. For tax year 2019, what is the maximum amount they can give to the family (including the sons- and daughters-in-law) without using any of their unified transfer tax credit? X Feedback Check My Work Like taxes on transfers at death, a gift tax is an excise tax levied on the right to transfer property. In this case, however, t on transfers made during the owner's life and not at death. A gift tax applies only to transfers that are not offset by full a consideration.

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