Question: 1. Assume D , a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019. What would be the amount of the gift

1. Assume D, a widower, made no prior taxable gifts. Consider 2501, 2502, 2505, and 6019.

What would be the amount of the gift tax due if D made no gifts before 2014 but made taxable gifts of $6,000,000 in 2014? What are the gift tax ramifications of the transfer? What is the amount of the gift tax payable?

*US tax law

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