In 2012, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who
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Question:
$50,000 to a friend, Johnson, who needed the money to pay
medical expenses. In filing the 2012 gift tax return, Sayers was
entitled to a maximum exclusion of
$0$12,000$13,000$50,000
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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