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Sly is a widower and wants to make annual gifts of cash to each of his four children and six grandchildren. Required: How much can

Sly is a widower and wants to make annual gifts of cash to each of his four children and six grandchildren. Required: How much can Sly transfer to his children this year if he makes the maximum gifts eligible for the annual exclusion? What is the amount of the total transfer if Sly is married and elects gift-splitting, assuming his spouse makes no other gifts?

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