Question
Noah and Sophia want to make a maximum contribution to their state's qualified tuition program (Code 529 plan) on behalf of their 5 grandchildren without
Noah and Sophia want to make a maximum contribution to their state's qualified tuition program (Code 529 plan) on behalf of their 5 grandchildren without exceeding the annual Federal gift tax exclusion.
a.How much can they transfer to the plan for grandchildren without incurring a current Federal gift tax?
$_______
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
