Note: This problem is for the $2021$ tax year. James A$.$ and Ella R$.$ Polk, ages $70$ and $65,$ respectively, are retired physicians who live at $3319$ Taylorcrest Street, Houston, Texas $77079.$ Their three adult children $($Benjamin Polk, Michael Polk, and Olivia Turner$)$ are mature and responsible professionals. The Polks have heard that some in Congress have proposed lowering the Federal gift tax exclusion to $$3,000,000.$ Although this change likely will not occur, the Polks believe that they should take advantage of the more generous exclusion amount available under existing law. Thus, the Polks make gifts during the current year, as summarized below. Donor Asset Transfer James Ella Condominium located in Conroe $($TX$)$ acquired in $2015,$ cost $$1,200,000,$ to Benjamin, Michael, and Olivia as equal tenants in common. $$1,900,000$ $$1,900,000$ Office building, located in Round Rock $($TX$)$ built in $2017,$ cost $$1,800,000,$ to Benjamin, Michael, and Olivia as equal tenants in common. $2,300,0002,300,000$ Vacation ranch in Bandera $($TX$)$ inherited by James from his father in $2007,$ value then $$900,000,$ to Benjamin, Michael, and Olivia as equal joint tenants with right of survivorship. $2,600,0000$ Separate property reimbursing Ella$$s father $($Alan Roberts$)$ for his heart bypass operation. $082,000$ Paid for daughter's $($Olivia$\text{'}$s$)$ wedding to John Turner, a state$-$law obligation of support $20,00020,000$ Separate property to purchase a new automobile $($BMW$)$ as a graduation present $($from medical school$)$ for James's favorite niece $($Carol Polk$)42,0000$ Question: What would be the amount of my $\text{'}$ total annual exclusion for gifts' on each of the Form $709$ for James Polk and Ella Polk