In 2021, you gave a $15,000 cash gift to your best friend. What is the gift tax?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 12, 2023 02:47 AM

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In 2021, you gave a $15,000 cash gift to your best friend. What is the gift tax?

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1 The gift tax is a federal tax on transfers of money or property to other people who are getting no...View the full answer

Personal Finance

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