In 2021, you gave $15,000 worth of stock to your best friend. In 2022, the stock is
Question:
In 2021, you gave $15,000 worth of stock to your best friend. In 2022, the stock is valued at $25,000.
1. What was the gift tax in 2021?
2. What is the total amount removed from your estate in 2022?
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Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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