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Goofy, who is unmarried, gave the following gifts (directly to each listed individual) in 2018: Donee Amount Use by donee Ludwig $16,000 Down payment on
Goofy, who is unmarried, gave the following gifts (directly to each listed individual) in 2018:
Donee | Amount | Use by donee |
Ludwig | $16,000 | Down payment on house |
Clarabelle | 10,000 | Car |
Toodles | 5,000 | Vacation trip |
Goofy's 2018 annual exclusions for gift tax purposes will total:
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