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QUESTION of $25,000 in 2019. Because the gift exceeds the annual exclusion of $15,000, Veronica must pay gift tax on $10,000 of the gift. Jasongan

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QUESTION of $25,000 in 2019. Because the gift exceeds the annual exclusion of $15,000, Veronica must pay gift tax on $10,000 of the gift. Jasongan True False

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