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Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in 2016. She paid no gift tax on the

Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in 2016. She paid no gift tax on the 2011 transfer. What is her tax base for determining any gift tax on the 2016 gift?

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