William makes a gift of stock worth $8 million to his wife Melinda. This is the first

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William makes a gift of stock worth $8 million to his wife Melinda. This is the first gift he has given to anyone.

1. Will William have to pay gift tax on the transfer? yes or no

2. If the answer is no briefly explain why not.

Posted Date: Dec 15, 2021 11:54 AM

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William makes a gift of stock worth $8 million to his wife Melinda. This is the first

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Expert Answer:

Transfer of inventory as gift to spouse isnt always taxabl... View the full answer

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