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Estate Finance Family Tax Planning Question In 2019, Father makes a gift of one share of Family Corp to Son worth $25,000. In 2019, Father

Estate Finance Family Tax Planning Question

In 2019, Father makes a gift of one share of Family Corp to Son worth $25,000. In 2019, Father has no remaining gift tax exclusion left. Assume Father makes no other gifts in 2019 and is married to Mother. How much gift tax will Father owe? Is there a way for Father and Mother to prepare their gift tax returns in a way that would avoid Fathers having to pay gift tax?

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