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During 2021, Vasu wants to take advantage of the annual exclusion and make gifts to his 7 married children (plus their spouses) and his 23
During 2021, Vasu wants to take advantage of the annual exclusion and make gifts to his 7 married children (plus their spouses) and his 23 minor grandchildren. a. How much property can Vasu give away this year without creating a taxable gift? b. How does your answer change if Vasu's wife, Coleen, elects to join in making the gifts? D
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