In 2021, Joshua gave $15,000 worth of XYZ stock to his son. In 2022, the XYZ shares
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In 2021, Joshua gave $15,000 worth of XYZ stock to his son. In 2022, the XYZ shares are worth $25,000.
What will be the gift tax in 2021?
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As of my knowledge cutoff in September 2021 the United States has a federal gift tax system in place In 2021 the annual gift tax exclusion allows individuals to gift up to a certain amount to each rec...View the full answer
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Muhammad Umair
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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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