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Joan made a number of gifts in the current year, which are listed in the table. Joan has already used up her lifetime transfer tax
Joan made a number of gifts in the current year, which are listed in the table. Joan has already used up her lifetime transfer tax credit. For each item, determine the value of each donee's gifts and the taxable amount. If the appropriate amount is zero, enter a zero (0).
Paul (brother-in-law) Medical expenses of $19,000 paid directly to Northside Hospital on Paul's behalf.
YMCA Center (public charity) Van purchased two years ago for $40,000, now worth $30,000.
10.3.1
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