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Regarding the gift splitting provision of 2513, comment on the following: a. What it was designed to accomplish b. The treatment of any taxable gifts
Regarding the gift splitting provision of 2513, comment on the following: a. What it was designed to accomplish b. The treatment of any taxable gifts previously made by the non-owner spouse. c. How the election is made. d. The spouses are divorced during the year. e. The utility of the election in a community property jurisdiction
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