Elizabeth made taxable gifts of $3,000,000 in 2020 and $14,000,000 in 2022. She paid no gift tax

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Elizabeth made taxable gifts of $3,000,000 in 2020 and $14,000,000 in 2022. She paid no gift tax on the 2020 transfer. On what amount is the Federal gift tax computed for the 2022 gift?

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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Question Posted: Sep 27, 2023 04:44 AM

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Elizabeth made taxable gifts of $3,000,000 in 2020 and $14,000,000 in 2022. She paid no gift tax

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17000000 total gifts minus the 2022 ex...View the full answer

South Western Federal Taxation 2023 Comprehensive Volume

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