In 2021, you gave $15,000 worth of stock to your best friend. In 2022, the stock is

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In 2021, you gave $15,000 worth of stock to your best friend. In 2022, the stock is valued at $25,000.

1. What was the gift tax in 2021?

2. What is the total amount removed from your estate in 2022?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 12, 2023 02:48 AM

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In 2021, you gave $15,000 worth of stock to your best friend. In 2022, the stock is

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