Assume the same facts as in Problem 47, except that Gordon and Fawn are husband and wife
Question:
a. What are the gift tax consequences in 2002?
b. What are the estate tax consequences in 2016?
c. Under part (b), would your answer change if it was Fawn (not Gordon) who died in 2016? Explain.
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a In 2002 Gordon made a gift to Fawn of 450000 12 of 900000 Due to the marital d...View the full answer
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Related Book For 
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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