TAX AND Estates.

On January 2, 2015, Corinne bought shares of LARC stock for $200,000. On November 4, 2015, she gave her brother, Eugene, the shares then worth $400,000. Corinne had never before given a gift that exceeded the annual exclusion amount and had made no previous gifts to Eugene during 2015. On the last trading day of the year 2015, the stock was worth $900,000. Answer each of the following questions.

	1)What value is reported on the gift tax return?
	2)What is the taxable amount (i.e., taxable gift)?
	3)When is the return due?
	4)What would be the taxable amount if Eugene was Corinnes husband, instead of her brother?
	4)Assuming this was the only gift made by Corrinne in 2015, when would the return be due if Eugene was Corinnes husband, instead of her brother?

A.	April 15, 2016
B.	No gift tax return would be due
C.	$400,000
D.	$386,000
E.	$900,000
F.	$0
G.	October 2, 2015
H.	None of the other answers is correct
I.	$886,000
J.	$186,000
K.	$200,000