For the holidays, Marty gave a watch worth $25,000 to Emily and jewelry worth $40,000 to Natalie.
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After reducing each transfer for the annual exclusion Marty has made a taxable gift of 110...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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