Question: Nancy makes a one - time gift to her sister Susie of $ 1 0 0 , 0 0 0 . Nancy has never made

Nancy makes a one-time gift to her sister Susie of $100,000. Nancy has never made a taxable gift before. What will likely happen to Nancy?
A. Nancy will need to file a Gift Tax Return and pay taxes on the transaction.
B. Nancy will need to file a Gift Tax Return but will not pay taxes immediately. She will have $83,000 removed from her Estate deduction when she dies.
C. Nancy doesnt have to do anything since she gave the money to a relative.

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