Which of the following correctly completes the sentence? For 2023, federal gift tax is generally paid: On taxable gifts made after the taxpayer has used up their entire gift tax lifetime exclusion amount. By the donor of all gifts of $17,000 or more to a single recipient. Based on the value of all gifts that must be reported on Form 709, United States Gift (and Generation-Skipping transfer) Tax Return. By the recipient of any taxable gift