Question
During 2022, Allison made the following gifts: $40,000 to Willis ( son ) Land worth $100,000 to Gregg ( spouse ) Painting worth $18,000 to
During 2022, Allison made the following gifts:
- $40,000 to Willis (son)
- Land worth $100,000 to Gregg (spouse)
- Painting worth $18,000 to Madeline (niece)
Additionally, Gregg made a gift of $50,000 to Francine (Gregg's mother).
Allison and Gregg elect gift-splitting.
What is the amount of net taxable gifts reported by Allison?
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
