When Jim and Nina became engaged in April 2012, Jim gave Nina a ring that had a
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Question:
Nina a ring that had a fair market value of $50,000. After their
wedding in July 2012, Jim gave Nina $75,000 in cash so that Nina
could have her own bank account. Both Jim and Nina are US
citizens. What was the amount of Jim?s 2012 marital deduction?
$ 63,000$ 75,000$113,000$125,000
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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