In earlier years, neither Hugo nor Wanda, his wife, made any taxable gifts. In 2018, Hugo gave
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In earlier years, neither Hugo nor Wanda, his wife, made any taxable gifts. In 2018, Hugo gave $15,000 cash to each of his nieces, nephews, and grand-children, 30 individuals in total. In 2019, Wanda gives 510,000 of stock to each of the same people. What is the minimum legal gift tax liability before reduction for the unified credit for each spouse for each year?
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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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