During 2022, Vasu wants to take advantage of the annual exclusion and make gifts to his 5 married children (plus their spouses) and his 3 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? Just prior to a major medical procedure, Cody gives his son, Liam, stock in Robin Corporation (fair market value of $2,075,400 and basis of $2,905,560). At the time of the gift, Cody held some unused capital losses. The surgery is unsuccessful, and after Cody's death, Liam sells the stock for $3,196,116. a. What is the income tax result for Liam? b. What if the gift had not been made and the stock passed to Liam as a bequest from Cody