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Lisa made the following transfers during 2023: $18,000 to her grandson's law school for his tuition. $1,000 to her neighbor to help him pay a
Lisa made the following transfers during 2023: $18,000 to her grandson's law school for his tuition. $1,000 to her neighbor to help him pay a hospital bill. A transfer of property valued at $100,000 to a GRAT. Lisa retained an annuity valued at $40,000 and her daughter is the remainder beneficiary. What is the total amount of Lisa's taxable gifts for 2023? $40,000 $60,000 $62,000 $101,000
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
