Ginny made the following gifts during the current year. Her husband, Ken, made no gifts during the year.

• Gift of land valued at $250,000 to her husband

• Gift of $20,000 in stock to her daughter

• Gift of $26,000 to her sister to pay for medical expenses

a. How much are Ginny’s taxable gifts if gift splitting is not elected?

b. How much are Ginny’s taxable gifts if gift splitting is elected?

AppendixLO1