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Exercise 27-22 (LO. 4) In 2013 and with $200,000, Alice purchases a CD at State Bank listing title as follows: Alice, payable on proof of

Exercise 27-22 (LO. 4)

In 2013 and with $200,000, Alice purchases a CD at State Bank listing title as follows: "Alice, payable on proof of death to Clark." Alice dies in 2018 and Clark (Alice's nephew) redeems the CD (now worth $205,000). Disregarding the annual exclusion, what is Alice's gift to Clark for both years?

If an amount is zero, enter "0".

a. 2013 $
b. 2018 $

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