Betty, a married taxpayer, makes the following gifts during the current year (2016): $20,000 to her church,

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Betty, a married taxpayer, makes the following gifts during the current year (2016): $20,000 to her church, $50,000 to her daughter, and $40,000 to her husband. What is the amount of Betty’s taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)?

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Federal Taxation 2017 Individuals

ISBN: 9780134420868

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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