In 2019, Sondra makes taxable gifts aggregating $300,000. Her only other taxable gifts amount to $200,000, all
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In 2019, Sondra makes taxable gifts aggregating $300,000. Her only other taxable gifts amount to $200,000, all of which she made in 1997.
a. What is Sondra's 2019 gift tax liability?
b. What is her 2019 gift tax liability under the assumption that she made the 4200,000 of taxable gifts in 1974 instead of 1997?
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Related Book For
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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