During 2018, Cherie gives $34,000 cash to her daughter, Helen, and a remainder interest in investment land
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During 2018, Cherie gives $34,000 cash to her daughter, Helen, and a remainder interest in investment land to her sister, Silvia. The remainder interest is valued at $40,000. In the same year, John, Cherie’s husband, gives Dan $18,000 in marketable securities. What is the total dollar amount of the annual gift tax exclusions available to Cherie and John for 2018 if they elect gift splitting?
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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