Sue made the following outright gifts during one year: $1,014,000 to her husband; $1,014,000 to her son; and $1,014,000 to charity. Assume an annual exclusion of $14,000 for the year of the gift. What is the amount of Sue's taxable gifts for gift tax purposes?

Answer rating: 100% (QA)

To calculate the amount of Sues taxable gifts for gift tax purposes we need to consid... View the full answer