Question: 15-21. Computing taxable gifts. C, a single individual, makes the following transfers during the current year Fair Market Value Cash to sister D..................................................... $13,000 Real

15-21. Computing taxable gifts. C, a single individual, makes the following transfers during the current year

Fair Market

Value

Cash to sister D..................................................... $13,000

Real Estate: Life estate to Brother B...................................28,000

Remainder to nephew N......................................................21,000

Cash to first Baptist church.........................................................25,000

What is the total amount of taxable girts C must report ?

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