Question: A married couple is not required to file separate gift tax returns when electing gift-splitting if: Only one spouse made gifts in the current year

A married couple is not required to file separate gift tax returns when electing gift-splitting if: Only one spouse made gifts in the current year total value of these gifts to each third-party donee does not exceed $34,000 (in 2023) All gifts were in the present interest all of the above

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