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During the year, Sean made the following gifts to his daughter: An interest - free loan of $ 6 , 0 0 0 to purchase
During the year, Sean made the following gifts to his daughter:
An interestfree loan of $ to purchase an SUV. The applicable federal rate was The loan has been outstanding for two years.
A corporate bond with an adjusted basis of $ and a fair market value of $
A portfolio of stock with an adjusted basis of $ and a fair market value of $
Sean's wife agrees to elect giftsplitting for the year, but she did not make any gifts of her own. What is the amount of total taxable gifts made by Sean during the year?
a $
b $
c $
d $
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