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Donna makes the following transfers in 2022: $250,000 to Greg, her spouse, who is US Citizen 20,000 to Elena, her daughter 50,000 to Harvard
Donna makes the following transfers in 2022: $250,000 to Greg, her spouse, who is US Citizen 20,000 to Elena, her daughter 50,000 to Harvard University for Tuition for Elena 25,000 to Yale for Cancer research. Does Donna need to file a gift tax return? Why or why not?
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
