Betty, a married taxpayer, makes the following gifts during the current year (2013): $20,000 to her church,
Question:
a. What is the amount of Betty's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)?
b. How would your answer to Part a change if a gift-splitting election were made?
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Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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