During 2021, Vasu wants to take advantage of the annual exclusion and make gifts to his 6

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During 2021, Vasu wants to take advantage of the annual exclusion and make gifts to his 6 married children (plus their spouses) and his 12 minor grandchildren.

a. How much property can Vasu give away this year without creating a taxable gift?

b. How does your answer change if Vasu’s wife, Coleen, elects to join in making the gifts?

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 22, 2023 04:30 AM

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During 2021, Vasu wants to take advantage of the annual exclusion and make gifts to his 6

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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