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Which of the following statements is true of gifts? O Mark this question It is mandatory for the donor to file a gift tax return
Which of the following statements is true of gifts?
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It is mandatory for the donor to file a gift tax return the amount paid to the recipient is more than $
Donors are obligated to pay taxes only if they gift money to charities.
Gifts are an involuntary transfer of funds from the donor's assets after their death.
It is the recipient's obligation to file a tax return if the gift is monetary.
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