During 2019, Cherie gives $34,000 cash to her daughter, Helen, and a remainder interest in investment land
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During 2019, 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 2019 if they elect gift splitting?
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Related Book For
Taxation For Decision Makers 2020
ISBN: 9781119562108
10th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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