Elizabeth made taxable gifts of $3,000,000 in 2019 and $14,000,000 in 2021. She paid no gift tax

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Elizabeth made taxable gifts of $3,000,000 in 2019 and $14,000,000 in 2021. She paid no gift tax on the 2019 transfer. On what amount is the Federal gift tax computed for the 2021 gift?

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 22, 2023 04:30 AM

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Elizabeth made taxable gifts of $3,000,000 in 2019 and $14,000,000 in 2021. She paid no gift tax

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17000000 total gifts minus the 2021 ex...View the full answer

South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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