In the current year, David gives $180,000 of land to David, Jr. In the current year, Davids
Question:
a. What are the couple’s taxable gifts?
b. How would your answer to Part a change if David’s wife gave the $44,000 of cash to Ollie (instead of to David, Jr.)?
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a Each spouse reports 186000 of taxable gifts calculated as follows Da...View the full answer
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Related Book For 
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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