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Joe ( age 8 6 ) and Nicole ( age 2 2 ) wed on Satur - day. Two days later, they exchange wedding gifts.

Joe (age 86) and Nicole (age 22) wed on Satur-day. Two days later, they exchange wedding gifts. Joes gift toNicole is stock in Tesla (valued at $2 million), and Nicoles giftto Joe is a bottle of cologne (value of $32). What tax goals arethey trying to accomplish? Will their plan work?

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