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In 2023, Brent purchased three season baseball tickets in the exclusive sky club. Brent paid $60,000 for the tickets, and then gave one ticket each
In 2023, Brent purchased three season baseball tickets in the exclusive sky club. Brent paid $60,000 for the tickets, and then gave one ticket each to his two brothers. Has Brent made a taxable gift and, if so, in what amount? Multiple Choice Brent made a taxable gift of $23,000. Brent made two taxable gifts of $20,000 each. Brent transferred the tickets for love and affection, so no gift tax is imposed. Brent made two taxable gifts of $3,000 each. None of the choices are correct
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