Tom made taxable gifts as follows: $900,000 in 1975, $1.3 million in 1999, and $500,000 in 2018.

Requirement

What is Tom's gift tax liability for 2018?

(Enter all currency amounts in dollars and not in millions.)

Begin by computing the cumulative taxable gifts.

Items	Amounts
1999 taxable gifts	$1,300,000
2018 taxable gifts	500,000
1975 taxable gifts	900,000
Cumulative taxable gifts	$2,700,000

Select the labels, then enter the amounts and compute

Tom's gift tax liability with respect to

2018 gifts. (Complete all input fields. Enter a "0" for the gift tax liability if the amount, as calculated, would otherwise be zero or negative.)

Tax at current rates on cumulative taxable gifts
Minus:	Tax at current rates on prior period taxable gifts
Tax on taxable gifts for the current period
Minus:	Remaining unified credit
Gift tax liability