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During 2020, Bob gave $100,000 to his son and $100,000 to his daughter. Bobs wife, Lori, also gave $5,000 to their son. No other gifts

During 2020, Bob gave $100,000 to his son and $100,000 to his daughter. Bobs wife, Lori, also gave $5,000 to their son. No other gifts were made during the year. Bob and Lori elected to split the gifts on their gift tax returns. What is the amount of taxable gifts made by Bob and Lori?

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