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Tax Drill - Gift Tax Computation In 2022, Alejandro made a gift of $3,100,000 to each of his four sons in 2022. He has made

Tax Drill - Gift Tax Computation

In 2022, Alejandro made a gift of $3,100,000 to each of his four sons in 2022. He has made no previous gifts. What is the amount of his taxable gifts and the gift tax?

The amount of Alejandro's net taxable gifts (the amount the gift tax is based on) is $fill in the blank 1.

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