Bill and Ellen are husband and wife with five married children and eight grandchildren. Commencing in December
Question:
Bill and Ellen are husband and wife with five married children and eight grandchildren. Commencing in December 2019, they would like to transfer a tract of land (worth $1.2 million) equally to their children (including spouses) and grandchildren as quickly as possible without making a taxable gift. What do you suggest?
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By making the election to split the gifts and using the available annual ...View the full answer
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Related Book For 
South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts
ISBN: 9780357109168
43rd Edition
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
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