Nancy, a married taxpayer, makes the following gifts during the current year (2014): $18,000 to her church, $35,000 to her daughter, and $41,000 to her husband. Requirements a. What is the amount of Nancy's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)? b. How would your answer to Part a change if a gift-splitting election were made?

Requirement a. What is the amount of Nancy's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)? (Enter a "O" for any zero amounts.)

	Total gift given	Taxable Gift
Gift to daughter
Gift to husband
contribution to church
Total

Requirement b. How would your answer to Part a change if a gift-splitting election were made? (For the purpose of this analysis, only consider the gift to the daughter for gift-splitting.)

Nancy Husband

	Nancy	Husband
Gift to daughter
Minus: annual exclusion
Taxable gift

Definition:__________________________________________________

The gift-splitting provision allows spouses to treat a gift actually made by just one of them as if each spouse made one-half of the gift.