For the holidays in 2023, Samuel gave a necklace worth $37,300 to Jennifer and jewelry worth $46,300

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For the holidays in 2023, Samuel gave a necklace worth $37,300 to Jennifer and jewelry worth $46,300 to Savannah. Samuel is married to Wendy, and they live in a community-property state. Has Samuel made any taxable gifts and, if so, in what amounts?

Related Book For answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Posted Date: Dec 14, 2023 12:17 PM

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For the holidays in 2023, Samuel gave a necklace worth $37,300 to Jennifer and jewelry worth $46,300

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Yes Samuel has made taxable gifts to both Jennifer and Savannah Heres how we can calculate the taxab... View the full answer

Taxation Of Individuals And Business Entities 2015

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