John gave $30,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts
Question:
a. How much are John's taxable gifts if gift splitting is not elected?
b. How much are John's taxable gifts if gift splitting is elected?
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Related Book For
Taxation For Decision Makers 2017
ISBN: 9781119330417
7th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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