During 2019, Vasu wants to take advantage of the annual exclusion and make gifts to his 6
Question:
During 2019, Vasu wants to take advantage of the annual exclusion and make gifts to his 6 married children (including their spouses) and his 12 minor grandchildren.
a. How much property can Vasu give away in 2019 without creating a taxable gift?
b. How does your answer change if Vasu’s wife, Coleen, elects to join in making the gifts?
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a 360000 1 donor 1500...View the full answer
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Related Book For 
South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts
ISBN: 9780357109168
43rd Edition
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
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