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Mo, who is single, made the following transfers during 2022. - $20,000 cash to his nephew Joe - $50,000 cash to his younger sister Doe
Mo, who is single, made the following transfers during 2022. - $20,000 cash to his nephew Joe - $50,000 cash to his younger sister Doe - $100,000 cash donation to Coe College - $40,000 to a local hospital for his mother's recent surgery - $5,000 to a local political campaign (Snow for Governor) - $18,000 in stock ( $8,000 basis) given to his brother Bo - $25,000 paid to his older sister Flo, to be used for paying her college tuition - Mo transferred $75,000 to a revocable trust, naming himself as trustee and his sister (Doe) as beneficiary Calculate Mo's total taxable gifts? (20)
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