During 2016, Charley wants to take advantage of the annual exclusion and make gifts to his 6

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During 2016, Charley 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 Charley give away without creating a taxable gift?
b. How does your answer change if Charley's wife, Coleen, elects to join in making the gifts?
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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