In March 1976, Sue made a taxable gift of $200,000. In arriving at the amount of her

Question:

In March 1976, Sue made a taxable gift of $200,000. In arriving at the amount of her taxable gift, Sue elected to deduct the $30,000 specific exemption formerly available. In 2014, Sue makes her next gift; the taxable amount is $6.5 million.
a. What unified credit can Sue claim on her 2014 return?
b. What unified credit can Sue claim on her 2014 return if she made the 1976 gift in December instead of March?