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! Required information [The following information applies to the questions displayed below.] In 2010 Casey made a taxable gift of $7.5 million to both
! Required information [The following information applies to the questions displayed below.] In 2010 Casey made a taxable gift of $7.5 million to both Stephanie and Linda (a total of $15.0 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused exemption equivalent under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.) b. This year Casey made a taxable gift of $17.5 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. Gift tax due Unused exemption equivalent $ 0
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