Question
Laurie made the following transfers during 2018: 1. $28,000 to her grandson for his law school tuition 2. $12,000 to her neighbor to help him
Laurie made the following transfers during 2018:
1. $28,000 to her grandson for his law school tuition
2. $12,000 to her neighbor to help him pay a hospital bill
3. A transfer of property valued at $300,000 to a GRAT. Laurie retained an annuity valued at $75,000 and her daughter is the remainder beneficiary.
What is the total amount of Lisa's taxable gifts for 2018?
- 225000
- 235000
- 238000
- 253000
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
