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You are nearing retirement and decide to give one adult child a $12,000 cash gift and your other adult child a $20,000 cash gift. What

You are nearing retirement and decide to give one adult child a $12,000 cash gift and your other adult child a $20,000 cash gift. What are the tax implications of those gifts? Be specific and you can go by the text's 2019 rule or the 2020 rule.

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