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Tax Drill - Gift Splitting Answer the following regarding the gift tax exclusion. a. Patel is single and gives each of his six grandchildren

Tax Drill - Gift Splitting Answer the following regarding the gift tax exclusion. a. Patel is single and gives each of his six grandchildren $30,000 this year (2022). Patel's gift tax exclusion is s b. Assume Patel is married and elects to gift-splitting with his wife. Patel's gift tax exclusion is $

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