John made $3,400,000 in taxable gifts prior to his death at the beginning of 2020. His wife,

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John made $3,400,000 in taxable gifts prior to his death at the beginning of 2020. His wife, Lola, is the executor of John's estate, and made taxable gifts of $800,000 prior to 2020.

What is the maximum amount of taxable lifetime gifts that Lola can make in 2020 before she will have to begin paying a gift tax?

Related Book For answer-question

South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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Posted Date: May 03, 2023 02:43 AM

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John made $3,400,000 in taxable gifts prior to his death at the beginning of 2020. His wife,

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South Western Federal Taxation 2014 Comprehensive Volume

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