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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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