Alec Rondeau was never married and never made taxable gifts until 2019. In 2019 he gifted $16,500,000

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Alec Rondeau was never married and never made taxable gifts until 2019. In 2019 he gifted $16,500,000 of marketable securities to his five adult nephews, outright. Each nephew received 1/5th. What is Alec\'s gift tax liability?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Posted Date: Aug 17, 2020 02:32 PM

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Alec Rondeau was never married and never made taxable gifts until 2019. In 2019 he gifted $16,500,000

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If the individual gifts a lot he may have to pay federal gift tax However most gift... View the full answer

Federal Taxation 2016 Comprehensive

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