Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in

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Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in 2015. She paid no gift tax on the 2011 transfer. What is her tax base for determining any gift tax on the 2015 gift?

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Question Posted: Sep 09, 2015 07:12 AM

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Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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