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o Vacation allowance. > Question 13 Which statement is false regarding gifts. The tax basis to the donee is the donor's basis Gifts between spouses

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o Vacation allowance. > Question 13 Which statement is "false" regarding gifts. The tax basis to the donee is the donor's basis Gifts between spouses are exempt from gift tax The donor is permitted the fair market value as an annual exclusion for gift to each donee. The donor is primarily liable for the payment of gift taxes Question 14

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